Market News Feed | Advise Wise

Welcome to Advise Wise Market News, the news feed where you can find the latest from the later life market, including rate changes, product and process updates and market events.

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PRODUCT UPDATE 16 February 2026

L&G product change

On 16 February L&G are reducing their Fixed ERCs from 15 years to 10 years on IRLM & OPLM products only. RIO and PTLM are unchanged.

PRODUCT UPDATE 12 February 2026

Hodge valuation fees changes

Hodge have made changes to its free valuation incentive as per below:

No valuation fees for properties up to £1 million.
Split valuation fees based on mortgage type.
Property value brackets - Defined property brackets will determine the applicable valuation fee (alongside the mortgage type).
Charge full valuation fee for properties £1,000,001 or above - For Resi/Resi Retire/RIO and Holiday Let properties.

PRODUCT UPDATE 3 February 2026

Buckinghamshire Building Society's new products

Buckinghamshire Building Society has expanded their Credit Revive range with three new products:

Buy to Let Credit Revive Fixed: 5.69% fixed to 31/05/2028 (Max 75% LTV)
BTL Credit Revive Ltd Company Credit Revive: 5.89% fixed to 31/05/2028 (Max 75% LTV)
Retirement Credit Revive Fixed: 5.79% fixed to 31/05/2031 (Max 70% LTV)

These are suitable for borrowers with:

Mortgage Arrears (Status 2 max in last 2 years, none in last 12 months)
Missed payments on loans, mail order and utilities considered
Historic CCJs or defaults (subject to criteria)
No new DMPs in last 3 years

PRODUCT UPDATE 2 February 2026

LiveMore limited adition cashback products

On 2 February LiveMore is introducing new cashback products offered on all fee products for LiveMore 1 and 3. This applies to all £995 fee products.

Product tier Rate movement Cachback added

LiveMore 1 0% £500
Livemore 3 0.30% £500

PRODUCT UPDATE 27 January 2026

Hodge SVR changes

On 1 February 2026 Hodge are going to reduce their SVR from 7.60% to 7.35%.

PROCESS UPDATE 26 January 2026

Aviva new lending criteria

Aviva have enhanced their lending criteria to recognise recent legislative changes affecting ground rent on leasehold properties.

New Ground Rent Criteria (*Subject to Valuation & valuers’ comments)

Fixed Ground Rent

Acceptable up to the higher of £250 (outside London) or £1,000 (London), or 0.2% of property value
More than 0.2% but less than or equal to 0.5% of property value – please complete the flat form and refer to Pre-Sales Support Team for individual
assessment.

Escalating Ground Rent

Acceptable up to the higher of £250 (outside London) or £1000 (London), or 0.1% of property value
Escalation must follow one of the accepted methods:
- Doubling: no more frequently than every 20 years
- Fixed increases: no more frequently than every 10 years and the increase must remain below the equivalent of a doubling ground rent over 20 years
- RPI-linked: no more frequently than every 10 years
- Any escalation clause outside these methods is not acceptable

PRODUCT UPDATE 23 January 2026

LV= LTV change

From Friday 23 January, LV= are changing the maximum LTVs for single life on the Lifestyle range. Both single life and joint life now share the same LTV.

PRODUCT UPDATE 5 January 2026

Relaunch of Heritage Special 3

Pure Retirement is relaunching Heritage Special 3, with effect from Monday 5 January:

Available from age 55 on a single life basis only, with a maximum LTV of 49% available from age 79 to 85.
A minimum property value of £100,000 is required.
Interest rate discount of up to 0.60% when servicing at least 25% of the monthly interest amount.