Black & White Bridging has appointed Nick Russell as commercial director. The bridging lender said that the role has been recreated to build on its recent growth and develop new products and propositions. Russell joins Black & White from TAB, where he served as sales director for over five years. His previous experience includes roles at Creation Property Finance, Lambert Smith Hampton and West One Loans.

Hampshire Trust Bank has promoted Barry Ireland and Wes Baker to regional account director, reflecting the performance of the bank’s bridging finance and specialist mortgages divisions. Both Ireland and Baker were promoted to regional account manager last year, with progression shaped by consistent delivery and the strength of the broker relationships they have developed. Both played a role in supporting brokers through increasingly complex transactions, as deals structures became more involved and expectations around clarity and delivery continued to rise. The promotions follow a period of continued investment in the sales team, including the recent appointment of Danny Kiely as head of sales for specialist mortgages and bridging finance.

Fleet Mortgages has announced the launch of new remortgage products with cashback options, alongside a series of rate reductions and product changes with different fee options available across its core standard, limited company and HMO/MUFB ranges. The lender has introduced a new range of two- and five-year 75% LTV core remortgage products starting from 4.54%, each of which comes with between £500 and £1,000 cashback. It has also repriced its lifetime tracker products, reducing all rates by 25 bps following the recent Bank of England base rate cut. In addition, Fleet has also expanded its range to include a new five-year fix, available at 4.79% with a fixed £4,000 fee at 75% LTV to both standard and limited company borrowers, with a maximum loan of £750,000.

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