LiveMore has expanded its product offering to include equity release mortgages, offering the widest range of options available. The new addition by the 50-90+ year old lender completes its product suite, making the company the lender with the broadest product range in the later lending market. Rates start at 7.5% and customers can borrow up to 10% of the value of their home at age 55 and up to 43% for those aged 90+. There are no product or valuation fees, and the product comes with a no negative equity guarantee and is portable if customers decide to move. Loan sizes range from £10,000 up to £1m and the property must have a minimum valuation of £100,000.
Interbay has launched Select Partners, a new partner proposition which offers exclusive access to its enhanced bridging range, improved criteria and expediated service. The bridging range offered by the firm, which is part of the OSB group, includes semi-commercial and commercial bridging with rates from 0.89%. Select Partners will also have exclusive access to new commercial pricing with a C or above EPC rating as well as a wider semi-commercial product range. The product enhancements have been developed in response to the recent surge in commercial and semi-commercial refurbishment activity and could be particularly attractive to investors looking to diversify.
PMS Mortgage Club has rolled out a suite of new support with compliance experts, Bankhall, to help mortgage and protection firms adapt to the ‘new normal’ of consumer duty, which will be implemented on 31 July. With some directly authorised mortgage firms expressing concerns over their ability to adapt to the Financial Conduct Authority’s (FCA) requirements for demonstrating fair value, the new guidance offers targeted support in this area. It will also help firms prepare for the FCA’s examples of good and bad practice, which are expected to be published over the coming weeks. The additional support includes guidance on the steps firms should take to demonstrate fair value, broken down into requirements across mortgages, protection and general insurance, and a consumer duty checklist.
Latest News
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House price growth slows to 3% – ONS
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Inflation remains unchanged at 3.8% in September
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£8.8bn worth of BTL loans advanced in Q2
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Quilter reports third successive quarter of £2bn+ inflows
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IHT receipts total £4.39bn in six months to September
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Younger advisers more likely to work with new clients, study finds
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
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