Vernon Building Society has launched a broader range of later life mortgages for borrowers in England and Wales aged 55 and above, who are either retired or retiring through the term of their mortgage. The society said that its Into Retirement, In Retirement and Retirement Interest-Only (RIO) products can accommodate various income streams including existing assets and pension provisions on a drawdown basis, even if they’re not currently being utilised.
Buy-to-let lender Landbay has announced rate reductions across its five-year fixed rate premier products, with rates now starting at 4.09%. The biggest reduction is to the lender’s five-year fixed rate products available at up to 75% loan-to-value (LTV), with all four products cut by 0.15%.
Yorkshire Building Society has enhanced its £5,000 deposit mortgage by announcing that new applicants who have a savings account with the society can already qualify for an additional £250 loyalty cashback reward or choose to pass this onto friends or family. The society said this would mean savings members can also pass on the opportunity to would-be first-time buyers who they would like to benefit.
Recent Stories