Just Mortgages has promoted its longstanding financial services director, John Doughty, to the position of managing director for the employed Orion chapter. The new role will see Doughty work with more than 90 members of staff, including nearly 60 brokers in the chapter, whilst also liaising with the Spicerhaart estate agency chains. He has almost two decades of experience across estate agency, mortgages and financial services, including over 13 years with Spicerhaart and Just Mortgages, after joining as a mortgage consultant in 2008. Since then, he has served as a divisional sales manager and director for Wales and west of England, before joining the new build division.

Nationwide Building Society has reduced rates in its fixed mortgage products by up to 0.55%, effective as of today. For new customers who are moving homes and first-time buyers, there is a reduction of up to 0.45% across two, three and five-year fixed products up to 95% LTV. For those customers looking to remortgage their property, there have been reductions of up to 0.35% across selected two, three and five-year fixed products up to 90% LTV. Nationwide has also reduced selected two, three and five-year fixed rates for existing customers moving home by up to 0.30%. Rates on their range of two-year trackers will also increase by 0.25% in line with the product terms given the recent bank rate rise.

Fleet Mortgages has launched a new range of two-year fixed-rate mortgages in its three core ranges – standard, limited company and HMO/MUB. The lender’s new mortgage product is available up to 75% LTV, is priced at 5.79% for standard and limited company borrowers, and 5.99% for HMO/MUB borrowers. All standard and limited company products come with a free valuation for loans up to £500,000, after which the valuation is available at a discounted price. Rental stress calculations for the two-year fixes are 125% or 145%, depending on the borrower’s tax status, at 7.79% for standard and limited company borrowers, and 7.99% for HMOs and MUBs. Fleet also continues to offer both tracker and green tracker products, as well as a full range of five-year fixed products, available up to 75% LTV.

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