The agreement follows the lender's announcement of a £250m bank funding line secured earlier this year.

The lender has also made further rate reductions on a selection of two and five-year fixed-rate products.

The gap between the monthly cost of homeownership and renting has shrunk to its lowest level since 2019.

From 1st April this year, councils can charge a premium of 100% of a property's council tax bill on homes that have been empty for 12 months.

Rates on five-year fixed-rate buy-to-let mortgages start at 5.35%

New products included in the suite include two and five-year fixed rates, available to both 65% and 75% LTV.

Selected limited company rates have seen a reduction of 0.40%

The NAVA Propertymark member says that sales have surged this year, with 2024 already proving to be a much busier year for them.

The lender has also announced a rate reduction on one of its five-year mortgages following broker feedback.

The lender has announced that it has further reduced rates on its specialist buy-to-let range following a cut earlier this month.