Foundation has announced rate reductions of up to 0.10% across selected buy-to-let products and has enhanced its holiday let product range.

The specialist lender’s BTL rates currently start from 4.99% at 75% LTV, and its two- and five-year F2 holiday let products are available from 6.64% at 75% LTV.

Foundation said the changes strengthen its proposition across BTL, providing intermediaries access to “highly competitive and innovative products”.

GB Bank has launched dual legal representation to deliver a more efficient and cost-effective process for eligible BTL and bridging refinance applications on its simplified BTL and bridging product range.

The arrangement enables a single approved legal panel to act for the borrower and GB Bank, reducing the delays associated with separate representation.

Dual legal representation is available for standard BTL and bridging property refinances where the total facility or group exposure is no more than £2m.

Chetwood Bank has appointed Melanie Czarra as a non-executive director and chair of the board risk committee.

She brings more than 30 years of experience in global investment banking and corporate finance, having started her career on Wall Street at Chemical Bank (now JP Morgan), before progressing through a number of executive roles through high-profile companies including Goldman Sachs & Co, Citi, UBS Investment Bank and Mizuho International.

Czarra will replace Duncan Martin, who officially steps down from the role in December after a six-year tenure.

LendInvest has made three additions to its property development finance team.

Matt Freeman has been appointed as senior portfolio manager, alongside portfolio managers, Kelsi Morina and Andrew Ferugson. The appointments strengthen the firm’s credit underwriting, legal due diligence and financial analysis.

The new portfolio managers join a development finance team backed on the origination side by relationship manager, Dan Lohn, who brings over a decade of experience in UK development finance.

---