Foundation Home Loans has appointed Michael Evans as its new chief finance officer (CFO). He joins the firm on a permanent basis, having held the role on an interim basis since earlier this year. Evans brings more than 22 years of experience across financial services, SMEs and global institutions, and is a qualified chartered accountant. Most recently, he served as CFO at Octopus Electric Vehicles, and also spent five years at LendInvest in the same role. Evans has also worked in senior finance roles at National Australia Bank and Barclays Capital.

Fleet Mortgages has made a series of price cuts across its two and five-year 75% LTV HMO/MUFB products. On its two-year range, its £1,999 fee product has been reduced by 15 bps to 5.49%, while its 3% fee product has been cut by 10 bps to 4.24% for properties with an EPC rating between A-C. On its five-year range, its £3,999 fixed fee product has been cut by 10 bps to 5.19% while its 3% fee product has been reduced by 10 bps to 4.89% for properties with an A-C EPC rating. All products come with £1,000 cashback and a £199 application fee.

Barclays is set to cut mortgage rates tomorrow, with a particular focus on high LTV products in support of first-time buyers or those with a lower deposit. Highlights include a two-year fixed at 80% with a £899 product fee, which has been reduced to 3.98%, while its fee-free five-year fix at 95% LTV will now start from 4.80%. The bank has also made reductions to its remortgage range. Its two-year £999 fee product will be available from 4.24% at 80% LTV, and its Great Escape two-year fix will start from 4.56% at 80% LTV with no product fee.

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