News in brief - 27 February 2024

Chetwood Financial has appointed Roselle Allsop as its new director of marketing. Allsop brings more than 23 years’ experience in marketing within financial services to the role, having served several senior management level positions. She has previously had various roles at specialist lender and challenger bank brands, including Precise Mortgages, Charter Savings Bank and Charter Court Financial Services. As well as overseeing the marketing strategies for each of the Chetwood brands, Allsop will lead on the marketing for the new ModaMortgages proposition, which is a new specialist buy-to-let mortgage lender.

Leigh Harwood has joined Alternative Bridging Corporation’s underwriting team. He returns to the company having previously worked at the firm between 2018 and 2020. Harwood brings nearly a decade of specialist underwriting experience, after working at firms including Streambank, C&M Wealth International and GE Money.

Hodge has enhanced its 50+, retirement interest-only (RIO) and holiday let mortgage criteria. For the first time, the enhancements include the provision of loans on flat roof buildings and those with more than one kitchen. The lender is also offering a higher LTV of 85% on 50+ mortgage products for new build flats. Hodge will also now accept properties of six storeys or higher of 50+, RIO, and holiday let products. On later life products, recent changes have included increasing income multiples on purchase and remortgages, reducing the stress rate on pound-for-pound remortgages, accepting a life insurance policy to support affordability under the death stress test, and more.



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