Loughborough Building Society has added cashback to all its borrowing into retirement products.
The range includes a two-year discount, three-year fixed and a term discount, all with £250 cashback and free standard valuation for both purchase and remortgage. Variable rates start at 2.79 per cent.
Across the retirement range, The Loughborough offers a maximum mortgage term of 35 years and no maximum age at the end of the term.
It allows capital raising and interest-only with downsizing is available with no minimum equity required. The mutual will also calculate affordability on the remaining loan size once retirement income replaces earned income.
Ashley Pearson (pictured), business development manager at The Loughborough, said: “We offer sound mortgage solutions to people of all ages.
“Many borrowers who are coming up to retirement, or already retired are looking to move closer to family, improve their homes, take lifetime holidays and help younger family members finance their first homes, so it’s a pleasure to be able to make that possible and, with no upper age limit, we’re able to help more people with a range of specific individual needs.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
