Loughborough Building Society will remove around 10 products, including First Homes, joint borrower sole proprietor shared ownership, lending in retirement and residential deals.
According to a broker note, the lender will withdraw the deals at the close of business 3 July and applications will need to be fully submitted by close of plan on 4 July and all case documents upload by close of business on 6 July.
The lender said it would not accept decisions in principle on these products by 3 July, and applications submitted after 4 July will need to select a new product.
The products being removed including a five-year fixed rate First Homes deal at 5.75 per cent, a five-year fixed rate joint borrower sole proprietors deal at 5.49 per cent.
Its five-year fixed rate shared ownership, family buy-to-let, deposit guarantee and deposit joint borrower sole proprietor deals are also being taken down.
The firm’s lending in retirement product at 4.89 per cent, residential at 90 per cent loan to value (LTV), prime plus lending in retirement at 70 per cent LTV at 6.59 per cent and prime plus at 70 per cent LTV at 6.49 per cent have been removed.
Bank of Ireland to up all BTL rates
Bank of Ireland will increase all its buy-to-let rates at 9am on 30 June.
The lender said that new applications must be completed and submitted and accepted agreements in principle converted to a full application by this time.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
