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.

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