Hanley Economic Building Society has launched a suite of fixed rate and variable discount mortgages to strengthen its residential product offering. The offering comes in the form of a fee-free and early repayment charge-free five-year variable discount mortgage, which is available on an interest-only basis. This comes with a rate of 5.79%, representing a 2.70% discount from the society’s standard variable rate of 8.49%, which is available up to 60% LTV. In a bid to reduce upfront fees, this also includes a free valuation alongside no application or arrangement fees. Other products added to the range include a two-year fix at 4.75% at 80% LTV, a purchase-only two-year 95% LTV fixed rate with a headline rate of 5.32%, a two-year remortgage-only variable discount mortgage at 5.00% up to 90% LTV and, finally, a two-year 6.00% variable discount mortgage up to 95% LTV.

Pure Retirement has enhanced its support to equity release advisers through the addition of new regional support to its intermediary sales team. The lender has added Gemma Brown to its roster of business development managers (BDM), overseeing the South West and Wales regions. She brings eight years’ experience in financial services to the role, most recently serving as a mortgage and equity release broker. The latest appointment comes off the back of Sam Owen joining Pure Retirement as a telephone BDM, also for the South West and Wales regions. He brings over seven years’ experience to the role and has been at Pure since 2022.

West One Loans has completed a remortgage case in a “record” four dates, which it says is up to 14 times faster than the estimated industry average completion times for remortgage applications. The borrowers benefited from using West One’s fast track remortgage service, which is designed to speed up completion timescales for remortgage customers. The firm said that, on average, borrowers who used the service in 2024 have completed 13 days following the mortgage offer being issued, with the typical industry completion time take between four and eight weeks. The service is available to standard remortgage customers, including those looking to capital rise for loan amounts up to £750,000 up to 90% LTV.

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