Rental market records are continuing to break with average costs surging upward during July, according to new Goodlord data.

Newly released data has shown that 21% of private renters had to provide a guarantor when moving into their current property.

The lender is offering £350 cashback and up to 10bps off for Buy-to-Let mortgages

The new product comes off the back of multiple rate reductions made by the lender last week.

The rate reductions follow a steady increase in demand for two-year products

Fixed rates now start from 4.35% for UK residents, 4.99% for Expats, and 5.99% for Non-UK residents.

It currently takes an average of 112 days to progress a sale from the point an offer is accepted and the property is sold subject to contract through to completion

The lender has also introduced selected cuts to product rates.

National Tax Revenue is forecast to be depleted by £172m this year as holiday home properties are still “flipped” into the Business Rates system.

We spoke to Paula Purdy, head of sales for bridging at United Trust Bank, about the new government's impact on the bridging sector, property investment opportunities in today's market,...