News in brief - 25 July 2025

CHL Mortgages for Intermediaries has cut rates across its buy-to-let range by up to 32 bps. On the specialist lender’s CHL 1 limited edition range, two and five-year fixes now start from 2.35% and 4.40% respectively. On its CHL 2 range, two-year fixes start from 2.59%, while five-year products are available from 4.68%. All products are available at 75% LTV. In addition, the lender has introduced new 75% LTV two-year fixed 7% fee products on its CHL 2 range, designed for investors who may be looking to maximise affordability by paying a higher fee upfront to benefit lower monthly repayments.

KSEYE has introduced automated valuations as part of its commitment to improving speed and flexibility for brokers and borrowers. The firm said that the new feature, which is available on loans up to £750,000 and up to 60% LTV, is another step in its investment in enhancing its broker and borrower experience, following broker feedback. The rollout of automated valuations will be phased and will not be available to all cases immediately.

Nottingham Building Society has appointed Russ Thornton as its new chief technology officer. He initially joined the mutual as a strategic adviser in March 2025 in an interim capacity from Shawbrook Bank, where he led a comprehensive multi-year digital transformation. Thornton brings 34 years of experience in leading digital transformations to drive business growth, having also held senior leadership positions at Cofunds, Legal & General, Aegon and WorldRemit, and will be responsible for the society’s core banking and mortgage transformation strategies. He replaces Paul Howley, who spent three years at the firm as its first ever chief technology and transformation officer in 2022.



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