Norman Jackson joins from Tenet Group where he was a field compliance officer for almost eight years.
Tenn Capital offers short-term loans secured against UK and selected international residential real estate focusing on high-value loans and complicated lending scenarios.
The rate cuts see limited company rates reduced by 0.50%, starting from 2.59% for a 2-year fixed at 75% loan-to-value (LTV) with a £1,995 product fee.
The directive states that firms will be evaluated by us on a case-by-case basis and should be able to prove that the lack of a centralised location or remote working does not or is unlikely to affect the company’s ability to meet the threshold for the regulated activities it has or will have permission for.
Stevens will be responsible for leading a business development team in the South.
New work remained flat this month while repair and maintenance fell 0.6% on the month; anecdotal evidence from businesses continued to suggest that product shortages caused by supply chain issues and subsequent price rises were the main reasons for the decline.
Andy Alvarez, head of mortgage sales at Mansfield Building Society, said: “Our latest criteria changes offer increased flexibility for applicants who are looking to get more from a lender. We’re really pleased to be able to offer these solutions and they show our commitment to versatile common sense lending.”
Overall, the barometer shows slight falls in rental yields compared to the same quarter last year, however Fleet point out that in 2020 this covered the first full three-month period out of lockdown where yields spiked in certain parts of the country.