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%.



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