News in brief - 27 February 2025

Hanley Economic Building Society has enhanced its retirement interest-only (RIO) and 95% LTV residential lending propositions. The two-year RIO mortgage now starts from 5.29% at up to 65% LTV. It comes with a free valuation, no application fee and a £250 arrangement fee that is deducted from the loan on completion. Hanley has also enhanced its higher LTV residential offering by reducing the rate by 0.12% to 5.45% on its fee-free, 95% LTV two-year fixed product. It also come with a free valuation, no application or arrangement fee and £250 cashback.

Fleet Mortgages has made cuts to its range of two-year fixed products. On its standard and limited company two-year fixes at up to 75% LTV with a 3% fee, rates have been cut by 0.30% from 4.39%. Its two-year EPC A-C products have also been reduced by the same amount to 4.29%. The two-year fixed-fee, fixed-rate product for standard and limited company borrowers is currently priced at 4.89%, and has seen its fee reduced to £5,499. On its HMO/MUFB product, the two-year standard fix and EPC A-C product, rates start from 4.59% and 4.49% respectively.

Mortgage Brain has launched its new Saas CRM system, CRM Brain, which is specially designed for mortgage brokers. The system offers a cloud-based solution that simplifies all aspects of mortgage and protection research and recommendation, with the added benefit of direct submissions of decision in principles to several lenders. CRM Brain will sit inside Mortgage Brain Hub, the technology provider’s all-in-one integrated mortgage technology platform.



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