News in brief – 10 September 2024

Loughborough Building Society has made a new enhancement to its lending in retirement proposition by moving to assess income at 4.5 times up to the applicant’s retirement age, an increase from its previous 3.5 times income assessment. If the mortgage is deemed affordable based on a 4.5 times pension income ratio at the time of retirement, and it extends beyond the age of 80, the applicant will remain eligible for the society’s lending in retirement products.

Zephyr Homeloans has announced that it is reducing its two and five-year fixed rate deals on properties up to 75% LTV, by 0.15 and 0.10 basis points (bps) respectively. The lender said that for properties with an A to C-rated energy performance certificate (EPC), it will offer 3.44% on a two-year fixed rate, and 4.59% on a five-year fixed rate.

United Trust Bank has announced a raft of interest rate reductions across its range of unregulated and regulated bridging finance products. The lender’s regulated bridging interest rates are now available from 0.64% per month, while unregulated bridging interest rates are now available from 0.72% per month.



Share Story:

Recent Stories


Helping landlords make their cash work harder
MoneyAge Editor, Adam Cadle, talks to Family Building Society BDMs, Arif Kara and Nathan Waller, about the resilient BTL market, the wide variety of landlords that Family Building Society caters for, and how niche products like an Offset mortgage can help improve cashflow.

An outlook on the BTL market
MoneyAge Editor, Adam Cadle, talks to Landbay senior regional account manager, Alex Witham, about current market sentiment within the BTL space and Landbay’s success in this area

Empowering advisers: A decade of education in Later Life Lending with Air Academy
Michael Griffiths is joined by chairman of Air Club and former founder and CEO of Air, Stuart Wilson, and head of the Air Academy, Daniel Holden, to look back on a decade of business focused learning at the Air Academy.


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.