Hanley Economic Building Society has extended the maximum LTV on its retirement interest-only (RIO) mortgage range to 70% and has launched two fixed rate products and two variable discount products. The enhanced range now includes a two- and five-year RIO fix at 5.34% and 5.35% respectively. Hanley’s two- and five-year variable discount RIO rates also start from 4.99% and 5.29% respectively. All products are available at 70% LTV for purchase and remortgage purposes, offered on an interest-only basis and include one free standard valuation.

Pepper Money has announced two key improvements to its mortgage application process. The lender has rolled out DocuSign for offer acceptances and has extended its mortgage offer validity from 90 to 120 days across its residential, buy-to-let (BTL) and limited company BTL products. The offer validity extension comes at a time when slow-moving chains have sparked a Government consultation to improve the home buying and selling process. Pepper Money's introduction of DocuSign replaces password-protected PDFs with a secure digital signing process. As a result, brokers and their clients will benefit from faster turnaround times, clearer visibility over document completion and a smoother overall experience.

The Right Mortgage & Protection Network (TRM) has launched a new shortfall needs analysis calculator to aid adviser firms in their protection advice discussions. The tool is designed to assist advisers during client discussions about their committed and discretionary expenditures. TRM said the calculator enhances advisers’ ability to confidently identify and potential financial shortfall in a client’s lifestyle resulting from a loss of income, as well as the possible impact on their long-term financial objectives. The tool is also set to support advisers in demonstrating adherence to Consumer Duty responsibilities.

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