Chorley Building Society has added a number of fixed rate products to its range, having reviewed feedback from brokers and customers. In the lender’s later life products, which are available to applicants aged 75 and over, products on both purchase and remortgage are fixed at five years until 30 June 2029 at up to 75% LTV. The building society has also launched two buy-to-let (BTL) fixed rate for two years, fixed until 30 November 2026, with both the BTL and limited company BTL products available at 70% LTV.

Loughborough Building Society has promoted Luke Berrington to the newly created position of senior telephone business development manager (BDM). He brings 17 years of experience in the financial services sector to the role, having previously worked at Halifax, Santander and Connells Mortgage Services. Berrington joins the Loughborough in 2018 as a mortgage adviser within the direct advice team, before transferring over to the intermediary team in 2019, where he worked his way up to become a telephone BDM prior to his promotion. In his new role, Berrington will assume additional responsibility in the absence of the head of intermediaries and be heavily involved with supporting key intermediary partners and developing new relationships.

The BTL brand of Foundation Home Loans has launched new limited edition BTL products and has made a number of price cuts, while its residential brand has announced a reduction in certain product rates. Buy to Let by Foundation has launched two new products for its F1 borrowers, with a limited edition five-year fixed rate product, available up to 75% LTV, with a rate of 5.44%, with a fixed fee of £4.995. It has also launched new two-year fixed specials at 4.79% up to 65% and 4.99% at 75% LTV, both with a 4% fee. The lender has also cut rates on its five-year special portfolio landlord-only products by 10 bps, with rates now starting from 4.89% with a 6% fee, with the 5% fee option starting from 5.09%. On its residential products, the lender’s F1 and F2 products now start at 6.79% and 6.98% respectively, both at 65% LTV with a £795 fee.

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