News in brief - 14 May 2024

LiveMore has launched a new, up to 100%, standalone debt consolidation range. The new product fulfils an identified customer need during the current cost of living crisis to both reduce payments and avoid restrictions to the maximum amount of debt they can consolidate. Up to 100% debt consolidation is designed for remortgaging customers who want to consolidate over £10,000 of unsecured debts, which would make up more than 50% of the total mortgage. The range is applicable for a maximum LTV of 75% for retirement interest-only (RIO) mortgages, 70% for standard interest-only mortgages and 85% for standard capital and interest mortgages.

Access Financial Services has appointed Jeremy Lock as its new director of compliance. He brings over two decades of experience to the role, having spent 10 years in the compliance sector. Lock joins the firm from Absolute Return Investment Advisers, where he was head of compliance, and prior to this, he worked at Cooper Associates for five years, where he set up the firm’s compliance academy. The appointment comes as Access FS announced that its academies had seen its number of entrants double in 2024.

Buckinghamshire Building Society has bolstered its prime residential and buy-to-let (BTL) product ranges by introducing two new five-year fixed rate products at 80% and 90% LTV. The society has launched a new five-year fix, with a rate of 5.24% up to 90% LTV. Although this is available for both purchase and remortgage purposes, Buckinghamshire suggested that this product is suited towards those looking to remortgage due to capital raising capabilities for debt consolidation accepted up to 80% LTV and up to 90% for other reasons including home improvements. The lender has also launched a five-year fixed rate BTL product at a rate of 5.99%. This is available up to 80% LTV, which is up 5% on its previous BTL lending boundary.

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