Atom bank has extended the rate discount available on its range of large commercial mortgages. The move by the app-only bank means that commercial mortgages of between £1m and £4m will now qualify for a rate discount of 0.25%. Previously, the discount was available on commercial mortgages between £1m and £2m. The new discount takes effect immediately and is available for applications submitted before midnight on 29 November 2024.

BuildLoan has appointed Chris Martin to the role of director of operations. He has held various roles across the firm in his six years as the distributor of self-build and renovation finance throughout his 35-year career. Martin has also held consumer-facing roles in retail banking, as a mortgage intermediary and senior roles in underwriting and arrears management in the mutual sector. The appointment is part of the firm’s growth strategy and his focus will include extending BuildLoan’s product range and developing further digital services.

MPowered Mortgages has cut its three-year fixed rates by 0.30% ahead of next week’s Autumn Budget. Three-year rates for purchase customers start from 3.93% at 60% LTV, while remortgage rates start at 4.08% at 60% LTV. Both products come with a £999 product fee.

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