Hampshire Trust Bank (HTB) has appointed Sarah Dix as lending director within its development finance division. As part of the role, she will be responsible for winning new development finance business for HTB and developing client relationships into longer-term partnerships. Bringing 25 years’ experience in the financial sector, Dix has worked at a number of major banks during her career, including RBS and Barclays, moving into commercial banking in 2005. She worked as commercial banking director in Metro Bank’s real estate team, before becoming head of real estate finance. Her most recent role was relationship director at Paragon Development Finance, where she was responsible for development finance transactions from £500,000 to £35m.

Landbay has announced further reductions of 0.20% across its two and five-year fixed rate products, with fixes for both HMOs and MUFBs at 75% LTV now at 5.04% and 5.79% respectively with a 6% fee. In addition to reductions to its standard two-year fixed rates, its two-year like for like remortgage rate has also been reduced, now starting at 4.19%. Landbay has also expanded its limited-edition range with new five-year fixed rate products at 65% LTV and a maximum loan amount of £1.5m. These products are available with the lender’s variable fee structure to accommodate differing borrowing requirements and appetite to fees.

Envelop has reported a substantial uplift in the amount of longer-term business written over the past 12 months as it celebrates the first anniversary of its rebrand from First 4 Bridging (F4B). Since the rebrand in September 2022, the packager has noted a 37% increase in specialist buy-to-let (BTL) business and a 31% and 18% growth in commercial mortgages and secured loans respectively. Focusing on the BTL uplift, a high number of applications have emerged from first-time buyers/landlords and for HMOs. Envelop has also remained active in the bridging and development finance sectors over this period.

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