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News in brief - 27 September 2024

LiveMore has reduced rates by 0.35%, following last week’s rate cuts of up to 0.15% on LiveMore 1. The new reductions by the mortgage lender for people aged 50 to 90 plus apply to LiveMore 2, 3 and 4 products for standard capital and interest, standard interest-only and retirement interest-only (RIO) mortgages. They cover the fee range, fee-assisted range, fee-assisted cashback range and up to 100% debt consolidation range.

7IM has appointed Asim Qadri and Brian Leitao to its investment management team, as it looks to expand its investment capabilities. As part of their new roles, they will focus on enhancing 7IM’s fund selection and portfolio management capabilities. Qadri boasts a decade of experience in the sector, having spent the last three years at abrdn’s multi-asset team. He has also worked in similar roles at Architas, Mercer and Société Générale. Leitao has eight years of experience in the investment sector, working at firms including Fundhouse, EQ Investors, Morningstar and most recently, Mercer.

Fleet Mortgages has launched a new range of two-year fixed rate products for landlord borrowers looking to purchase or remortgage a property with an EPC rating of A-C. The lender The new standard and limited company products are available up to 75% at 4.59%, while the HMO/MUB product is offered at 4.89%. All EPC A-C products come with a 3% fee, with a minimum of £750. Fleet is also continuing to offer its £1,000 cashback incentive to landlord borrowers who improve the EPC level of their property to a C or above during the course of their initial fixed rate period.



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