Saga introduces equity release product allowing people to take regular monthly payments; and more...

Written by Oliver Wade

Saga has launched a regular drawdown lifetime mortgage, which allows people to set how much money they would like to receive each month, with a minimum of £200.

The firm has said that withdrawing funds this way gives people more control over their money and provides them with the choice of increasing or decreasing payments each year to suit their needs, while also paying less interest than if they were to withdraw a large lump sum.

TMA Club introduces Darlington Building Society to its lender panel

TMA Club has today announced that it is enhancing its lending panel with the addition of Darlington Building Society.

Darlington Building Society offers solutions for traditional and more complex lending, including fixed and variable rate mortgages as well as buy-to-let. It offers an entirely personal approach to mortgage underwriting, considering each application on an individual basis with no credit scoring.

Fleet Mortgages launches fixed-fee B2L mortgage range

Buy-to-let (B2L) specialist lender Fleet Mortgages has today launched a series of fixed-fee mortgages to co-exist alongside its existing product range.

The lender is offering two-year fixed fee mortgages at 75% LTV with a fee of £1,999 and a maximum loan size of £250,000 and five year fixed fee of £4,999 and no maximum loan size.

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