Coventry Building Society has cut rates on its mortgage deals, with new rates set to launch tomorrow. Residential rates will reduce by up to 0.14 % with two-, three- and five-year fixed rates available. Product highlights include a residential two-year fix at 3.80% at 65% LTV, with a £999 fee, while its first-time buyer two-year fix at 90% LTV start from 4.76% with no fee. The move follows the decision by the Bank of England to reduce the base rate from 4.25% to 4%.

Stonebridge has appointed Tim Miller to the newly created role of chief operating officer (COO). He brings two decades of financial services experience to the role, covering operations, sales, relationship management and business development. Miller joins the firm from Bluestone, where we worked as COO for APAC. Stonebridge said that the appointment marks its continued commitment to maintaining a “high calibre senior management team”.

Jane Hand has been appointed as regional development manager for the North East at Redwood Bank. She brings almost 40 years of banking experience to the role, which includes time spent as a branch manager, business development officer and most recently, as a relationship manager, supporting Redwood’s top 50 customers. Hand has spent several years within Redwood’s business development and relationship management teams, and brings insight into the bank’s internal workings and collaborative culture.

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