Hanley Intermediaries has reduced rates across its residential, retirement interest-only (RIO) and self-build mortgage ranges by up to 0.65%.

On its residential range, its two-year variable discount mortgage at 95% LTV has been reduced from 6.32% to 5.77%, while on its RIO two-year variable discount mortgage has been dropped from 5.93% to 5.29% at 70% LTV.

Meanwhile, its self-build two-year BuildLoan exclusive ECO variable discount mortgage has been cut from 6.21% to 5.56% at 80% LTV.

Tim Parkes has stepped down as the chief executive officer at RAW Capital Partners. He will remain closely involved with the Guernsey-based specialist lenders as a senior adviser and chairman of the RAW Mortgage Fund board.

Parkes co-founded RAW Capital Partners alongside Richard Avery Wright in 2015, following nearly two decades at Barclays.

He will be replaced by Ben Nichols, who will take over the day-to-day running of the business.

Keystone Property Finance has reduced rates by up to 0.15% across its buy-to-let (BTL) product ranges.

As a result, its standard and specialist BTL mortgages now start from 3.44% and 3.49% respectively at 70% LTV, while its expat and holiday let products are available from 4.79% and 5.54% respectively, both at 65% LTV.

Its product transfer and refurb to let exit products have also seen rate reductions, and both now start from 5.09% at 65% LTV.

Moneybox has increased its cash ISA rate to 4.75%, including a fixed bonus rate of 1.30% for the first 12 months.

The variable rate is available on deposits of £500 or more, and up to three withdrawals can be made within each 12-month period from the date of opening the cash ISA without affecting the interest rate. If four or more withdrawals are made, a lower rate of 0.75% will be applied for the rest of that 12-month period.

Nivo has launched a partnership with Leonard Curtis to roll out an AI-powered KYC and AML onboarding workflow for its funding clients.

The service uses an AI assistant as a digital team member to support client communication, secure information collection, data enrichment and report compilation, with human specialist handling judgement, risk review and escalation.

Through the Leonard Curtus mobile app, Nivo collects the initial information required and enriches it with external data from Companies House, CreditSafe, company websites and open web sources. It identifies directors and shareholders, pre-populates the KYC form for applicant review, and routes the case into internal risk review and compliance where needed.

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