From tomorrow (18th October 2024) the Leicestershire-based lender will offer a new shared ownership product to boost home ownership in its heartland.

Assetz has already lent over £160m in the region and is looking to expand its presence. 

For the first time, there is a preference for drawdown over lumpsum plans among new customers.

The bank has announced two further appointments in new lending and underwriting roles.

Naomi Campion has joined the independent finance provider's invoice finance team following roles at Lloyds, BCRS, and Bibby.

The society will look at each case on an individual basis by the in-house underwriting team, meaning no credit scoring.

Laura Mason will succeed Bernie Hickman, who leaves L&G after 26 years.

The standards include a commitment from conveyancers to give updates to the homeowner every five working days.

The specialist lender has also announced several other operational improvements to further streamline its offering.

The lender has made rate reductions of up to 0.15% across various products following yesterday's positive inflation news.