- Tandem has secured £20m in Tier 2 capital from Quilam Capital – a growth investor with expertise in the speciality finance sector. The investment by Quilam further re-enforces the growth trajectory of Tandem as the business seeks to continue its mission of building the UK's leading purpose-led, profitable digital banking platform. The capital raise concluded in late June 2023, following a process supported by financial services advisor Alantra.

- Investec has increased the interest rate on its Fixed Rate Saver account to 6.00% AER from 5.68% AER. It’s the latest increase for the Fixed Rate Saver as Investec continues to respond to growing competition among leading banks in the fixed rate market. At the start of May, the interest rate on the Fixed Rate Saver was 4.60% AER.

- Clever Lending has recently secured an 85% loan to value (LTV) bridging facility worth £133,387 for a client who wanted to purchase a property at auction and then immediately renovate. The client was looking to move quickly and needed a high LTV in order to purchase the property, add an extension and carry out extensive work to the property as soon as the sale had been finalised. The client first approached Clever Lending outlining their request and seeking a financing solution. The specialist finance packager then used its market expertise and lender relationships to secure a 12-month term refurbishment bridging funding solution with LendInvest at a rate of 0.99% per month.The valuation on the property was completed just four days after the application was submitted with funding four weeks after submission, enabling the client to move quickly as requested and meet the extension deadline date of mid-May.

- Standard Life Home Finance has become the 85th lender to join finova’s panel, further expanding its later life lending offering to brokers. finova’s lender panel currently offers both standard mortgage products and a range of other secured lending options, including buy-to-let, second charge, commercial and development, and equity release.

- Barclays has appointed Sian McIntyre as head of intermediaries and transformation, taking over from Martin Clift. She will use her experience in transformation, strategy and improving customer outcomes.

- Hampshire Trust Bank (HTB) has provided the funding for the refinancing of a semi-commercial retail asset in Central London in just 21 days. The deal, which completed in April, was introduced by Sirius Property Finance. This was the Central London-based brokerage’s first bridging case with HTB, having previously worked with the bank on development finance and specialist buy-to-let mortgage cases.

Share Story: