News in brief - 19 December 2024

Furness Building Society has launched a new shared ownership range for buyers across England. Across the range, two-year fixed products start from 4.65%, while five-year fixes start at 4.48%. All products within the range come with £250 cashback, allowing for lending up to 95% loan-to-share on new-build homes, including flats, with 5% builder incentives accepted.

Bath Building Society has reduced rates across its range of products. The lender has cut rates across all of its current two-year discounted rates, with 95% LTV products now starting rom 5.14%. SVR products have been reduced from 8.19% to 7.99%, while its buy-to-let, holiday let individuals and limited company are now available again for intermediaries.

MPowered Mortgages has released a Spotify-style feature for broker partners that have placed cases with the firm this year. As a result, brokers can now access a ‘Rewind’ feature that shares their activity and cases in 2024, such as their individuals total case value with MPowered in 2024 and how many applications that they have put through the firm in the last year. As well as this, it shows how much brokers have earned in procuration fees and their fastest agreement in principal with MPowered in 2024.



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