The lender structured the deal with a 70% LTV to refinance the existing loan.

2.8 million over-55s would consider moving if stamp duty were cut.

Grants are available for EPC-rated E, F or G homes under ECO4.

The loan represents 60% of the £2.75 million gross development value of the property.

Barking and Dagenham saw the biggest real rent rise at 16.5%

Rates start at 5.09% for two-year fixed terms.

The lender’s residential 5-year fixed rate is now 4.94%, following a 0.30% cut.

Residential mortgage fixed rates now start from 5.39% following cuts of up to 30 basis points.

75% of renters now spend more than 30% of their income on rent.

Shared Ownership rates now start from 4.24%, up to 95% loan to share.