News in brief - 20 September 2024

Fleet Mortgages has reintroduced its range of products for landlord borrowers seeking to purchase or refinance properties with an EPC rating of A-C. The relaunched EPC products are offered across the lender’s three core product ranges, standard, limited company and HMO/MUFBs and are priced 10 bps below its equivalent five-year products. The standard and limited company products are available up to 75% LTV at a price of 4.69%, while the HMO/MUFB products is offered at 5.09%. All EPC products come with a fee of 3% and Fleet is continuing to offer £1,000 cashback to landlord borrowers who improve the EPC level of the property to a C or above during the course of their initial fixed-rate period.

PensionBee has appointed Lisa Picardo as its new chief business officer UK. In the newly created role, she will facilitate the ongoing execution of the company’s strategy and corporate development in the UK. Picardo is a member of the Department for Work and Pensions’ Small Pots Delivery Group and represents PensionBee at the Association of British Insurers. She joined PensionBee in 2020 and has taken responsibility for its corporate development, leading the company’s 2021 IPO transaction. Prior to joining PensionBee, she held senior roles at Morgan Stanley, with 13 years spent in the European mergers and acquisitions department and the global private equity fund. She then founded and ran online fashion retailer, LITTLECIRCLE.

LiveMore has reduced rates for across its range by 85 bps. The limited-edition rates apply to lifetime mortgage (equity release), standard capital and interest, standard interest-only and retirement interest-only (RIO) mortgage products. The greatest reduction made by the mortgage lender for people aged 50 to 90+, is in its lifetime mortgage rates, which now start from 5.29%. LiveMore’s standard repayment and interest-only rates now start from 5.23%, which is a reduction of 0.15%. RIO rates have also been reduced by up to 0.15%, now starting at 5.48%.



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