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Loughborough adds to shared ownership range

Loughborough Building Society has launched a new shared ownership mortgage product.

The new mortgage allows for up to 95 per cent of a share of a property to be purchased at a two-year discounted rate of 2.65 per cent, giving an initial rate of 2.69 per cent.

The maximum loan amount is set at £300,000 and the product comes with no fees.

Loughborough business development manager Ashley Pearson says: “Since the launch of our shared ownership product range in April 2018 we have seen significant levels of interest.

“This further improvement in our rates shows a continued support for this sector. I am really pleased that we are able to offer our growing panel of brokers products that suit their clients.”

This year has seen a series of shared ownership launches from lenders that include Newbury, and Ipswich.

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Strong dollar can be a powerful driver of UK dividend growth in 2015

By Robin Geffen, fund manager and CEO 

This year threatens to be a challenging one for UK dividend hunters. Last year saw an all-time record amount paid out in UK dividends — some £97.4bn, according to research from Capita Dividend Monitor. Yet as Capita also pointed out, out the biggest single factor driving the growth in the fourth quarter of last year was easy to identify: the rising US dollar. 

In our view, this trend is much more than simply a one-quarter phenomenon. It is actually the most profound issue to get right as a UK equity income investor in 2015. We believe that the US dollar will continue to strengthen significantly from its current level. This is due more to the US economy’s demonstrable de-coupling from the rest of the world than to a view on the UK. The US has a strong chance of tightening monetary conditions this year without jeopardising growth or de-stabilising its housing market. The same can unfortunately not be said about the UK.

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