News in brief - 17 May 2024

LiveMore has reduced rates across a range of products by up to 0.58%. The cuts span its five-year fixed rates on retirement interest-only (RIO), standard interest-only and standard capital and interest mortgages. Rates have been reduced by 0.54% on its five-year LiveMore one standard capital and interest and standard interest-only products. This product starts at 5.99% and the reduction applies to the 60% and 70% LTV tier. On the five-year LiveMore one RIO products, rates now start from 6.18% at 60% and 75% LTV, while the equity release products start from 6.11%.

Nottingham Building Society has introduced a range of five-year fixed mortgage products to support foreign nationals looking to secure a home in the UK. The new range of five-year fixed products mirrors those already available to returning expats, with features including LTV rates between 75-90%, an interest rate of 5.29%, which is lower than the two- and three-year fixes. Furthermore, overpayments of up to 10% are allowed each year. The range follows on from the society’s recently launched mortgage proposition, which is aimed at supporting foreign nationals to achieve their home-buying dreams.

Fleet Mortgages has launched new limited company 65% LTV products and has cut pricing on two of its 65% LTV standard products. The buy-to-let (BTL) specialist lender has introduced two new, five-year fixed-rate limited company products, one with a zero-fee option, available at 5.64%, and a £1,999 fee product at 5.44%, both available at a maximum loan size of £300,000. Fleet has also cut rates on two of its 65% LTV standard five-year products by 20 bps. The zero-fee option is available from 5.64%, while the £1,999 product is available at 5.44%.



Share Story:

Recent Stories


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


The UK housing market in 2024
The performance of the UK housing market in 2024 has largely exceeded many people's expectations, although challenges remain for first-time buyers due to house prices increasing and a testing rental market for many. Regional disparities, such as the North-South divide, also continue to influence housing accessibility and affordability for many buyers in pockets of the country.

Intergenerational lending
MoneyAge News Editor, Michael Griffiths, hosts Family Building Society BDMs, Amar Mashru and Arif Kara, to discuss intergenerational lending and explore ways that buyers can use family income to help increase their borrowing capacity when applying for a mortgage

Helping landlords make their cash work harder
MoneyAge Editor, Adam Cadle, talks to Family Building Society BDMs, Arif Kara and Nathan Waller, about the resilient BTL market, the wide variety of landlords that Family Building Society caters for, and how niche products like an Offset mortgage can help improve cashflow.