Members will be eligible for further additional discounts and exclusive offers throughout the year.

Tenant demand is also strong in East Midlands and Wales, with 67% of landlords across Britain recording increasing demand levels.

The five-year fixed rates start at 5.35%.

More than two in five (46%) students run out of money before the end of the semester.

Despite the drop, average prices are still £59,000 (19%) higher than in the pre-pandemic market of August 2019.

MFB tells landlords to secure a new rate as early as possible following this week’s inflation data.

Hampshire Trust Bank has made a series of enhancements to its criteria for specialist buy-to-let mortgage applications.

The highest annual rents inflation were seen in the West Midlands, Yorkshire and the Humber, and London.

Average UK house prices increased by 1.7% in the 12 months to June, down from 1.8% in May, according to the latest UK House Price Index from the ONS and Land Registry.

A further 1 in 5 say they became landlords without sufficient knowledge and lost thousands as a result.