Loughborough Building Society has promoted Ashley Pearson to the newly created role of head of intermediaries. Pearson, who previously served as national business development manager (BDM), has over 20 years of experience in the financial services industry, predominantly in the building society sector. He joined The Loughborough in 2017 as a BDM and has been involved in building the society’s intermediary position. As part of his new role, he will join the senior management team and will be responsible for all intermediary related activity and strategic planning. He will also manage a team of telephone BDMs and drive development through the broker and customer journey from an IT and service perspective.

Nationwide has reduced selected rates by as much as 0.31% across its two-, three- and five-year fixed rate product range, with the society’s lowest rate standing at 4.29%. Reductions have been made to rates for new customers moving house, with rates starting at 4.29% on a five-year fix at 60% LTV with a £999 fee. Fees have also been cut for first-time buyer and remortgage products, with five-year fixes starting at 4.34$ and 4.68% respectively at 60% LTV, both with a £999 fee. Nationwide has also cut its two-, three- and five-year switcher rates by 0.19% at 95% LTV, as well as rates for existing customers moving home by up to 0.24%.

Yorkshire Building Society has cut rates by up to 0.35%, with the biggest reductions on offer to borrow with the lower deposits. The society has also extended availability of its £2,000 cashback product from first-time to all borrowers and has introduced a new minimum loan size of £100,000. Highlights of the new range includes a five-year fixed rate at 5.24% and 5.59% at up to 90% and 95% LTV respectively with no fee, free standard valuation and £2,000 cashback for house purchase. The society has also launched new two- and three-year fixed rate mortgages at 4.84% up to 75% LTV, which comes with a £1,495 fee, free standard valuation and free remortgage legal services.

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