Semi-detached homes accounted for 33.5% of first-time buyer purchases in August, according to the latest research from Barclays.

The lender reported turnover growth of more than 15% and gross profit above 18%, reaching £4.7m.

A maximum loan size of £3m applies under the updated buy to let criteria.

The new funding package features loans available from £7.5m to £35m and terms of up to 60 months, including a 30-month development phase.

Selected products across all property types, including large HMOs and MUFBs, are available with free valuations.

The lender has also withdrawn all 55% LTV mortgages and some 65% LTV options.

LettsPay is set to process over £1.5 billion in rental payments during 2025 through its partnership with Move Lettings.

Bridge Fusion now has three tiers instead of two, based on loan size.

The £2.5 million facility supported the transfer of eight self-contained flats into a special purpose vehicle.

Average two- and five-year buy-to-let fixed rates stand at 4.88% and 5.21%, their lowest since September 2022.