Almost a quarter of first-time buyers worry that mortgage rates won’t drop quickly enough for them to afford a loan.

Administrative burdens and regulatory pressures have been cited among surveyors and mortgage lenders as some of the biggest obstacles they currently face.

The latest product launch by the buy-to-let brand of specialist lender, Foundation Home Loans follows last month's introduction of a new limited edition holiday let product.

The buy-to-let lender has announced the launch of eight new remortgage products following rate reductions announced last week.

The latest mortgages launched by the lender are available for purchase and remortgage up to 65% LTV.

One area of Britain has seen average rents increase by just over 30% in the last year alone.

Inflation and high living costs remain the biggest barriers to homeownership, according to prospective first-time buyers surveyed by Aldermore.

Rates have been reduced across both products by 10 bps

The specialist lender has also announced that it has made a number of changes to stress rates

During last month's Autumn Statement, the new Labour government confirmed that stamp duty thresholds in England would lower from 1st April 2025.