News in brief - 10 December 2024

Hanley Economic Building Society has strengthened its residential and retirement interest-only (RIO) mortgage ranges by introducing four new products. The society is now offering a two-year fixed mortgage with 5.39% at up to 90% LTV, while its 95% LTV offering is available at up to 5.64%. These products include a free valuation, £250 cashback and no application or arrangement fees. On the RIO mortgage ranges, the lender has launched a fee-free five-year fixed mortgage at 5.39% at up to 65% LTV with a free valuation and no application or arrangement fees. Hanley has also introduced a two-year variable discount RIO with an initial pay rate of 5.55%, available up to 50% LTV with a non-refundable arrangement fee of £299.

Fleet Mortgages has reduced rates by 15 bps on its standard/limited company 75% LTV five-year fixes and EPC A-C variations. The standard and limited company 75% LTV five-year fixes are available at 4.99%, while the EPC A-C variations come at 4.89%. All the five-year fixed 75% LTV product come with a 3% fee and also continue to offer £1,000 cashback to landlord borrowers who improve the EPC level of their property to a C or above during the course of their initial fixed-rate period.

Uinsure has promoted Ross Tyler to the role of chief technology officer in order to strengthen the insurtech’s c-suite. He joined the business five years ago and has worked to accelerate the Manchester-based firm’s onboarding of several new partners. In the new role, Tyler will drive Uinsure’s technology strategy, ensuring that the business continues to deliver solutions to customers across the UK.



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