Newcastle BS launches Lifetime Isa

Newcastle Building Society has launched a Lifetime Isa product today.

First announced at the beginning of this month, Newcastle’s adoption of the government-backed initiative makes it just the third lender to offer the savings product, alongside Skipton and Nottingham Building Society.

This launch comes soon after the government rejected calls to scrap the Lisa, as reported by Mortgage Strategy earlier this month.

Newcastle Building Society customer director Stuart Miller says: “Helping people own their home and plan for the future is core to our purpose, and [the] Lifetime Isa helps both these sets of savers.

“Encouraging and rewarding personal saving is a key step in starting to address the culture of easy credit and consumer debt that has become prevalent and ultimately reduces the ability of individuals, couples and families to save.

“We understand how hard it is for people to save a deposit for a home and similarly, how saving early for retirement can make a material difference to financial security in later life.”


Government rejects calls to scrap Lifetime Isas

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Mojo shares details of upcoming partner platform

Online broker Mojo Mortgages has shared details of the partner platform it is soon to be launching, saying it will enable third-parties to give customers a personal mortgage recommendation in 15 minutes. The free platform will allow brokers to use Mojo’s Mortgage Matcher and is aimed at challenger banks, online estate agents and comparison websites. […]

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