Glenhawk lent at 75% loan-to-value against the Southampton property, with a second charge at 70% on the borrower’s main residence.

TAB underwrote the loan on market rent rather than the higher passing rent paid by a related-party commercial tenant.

Just 29.9% of Cardiff’s rental stock is listed below the city’s average rent, the lowest share of the 15 cities analysed.

A basic-rate landlord with about £12,100 in rental profit would pay £2,904 in tax rather than £2,420.

83% of landlords expect vacant-property risks to increase over the next two years.

Annual house price growth turned to a 1.2% decline, the biggest fall since October 2023.

The former Upper Bank Works building will be converted into rental homes, with the £1.43m bridge funding refurbishment works.

The Cowfold scheme will deliver 35 homes, including 12 affordable units.

Regional price growth remains uneven, with Scotland leading annual gains and London the only region recording a fall.

The lender's five-year buy-to-let remortgage rate at 80% LTV is reduced from 5.75% to 5.66%.