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%.



Share Story:

Recent Stories


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


AI, finfluencers and the future of broking
The mortgage industry is evolving faster than ever. In this MoneyAge video, we examine the opportunities and challenges redefining the broker landscape, from AI-powered lending and changing customer expectations to housing affordability, property supply and the rise of financial influencers. Our guest from Chorley Building Society shares practical insights on what brokers need to do to stay relevant and thrive in a rapidly changing market.

Perenna and the long-term fixed mortgage market
Content editor, Dan McGrath, spoke to head of product, proposition and distribution at Perenna, John Davison, to explore the long-term fixed mortgage market, the role that Perenna plays in this sector and the impact of the recent Autumn Budget

NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?

The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.

In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.