‘Freehold’ saw 114,000 searches annually, highlighting continued confusion around property ownership types.

£1,000 cashback is now offered on 90% and 95% LTV mortgages.

A £200 monthly overpayment on a 40-year mortgage could reduce the term by nearly 13 years and save more than £123,000, according to research from Moneyfacts.

In 2024, over 30,000 borrowers aged over 36 opted for mortgage terms of 35 years or more.

Average UK rents have increased by £221 per month since 2022.

Lenders have begun reducing rates despite no change in the base rate.

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

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

Three-year remortgage fixed rate now at 4.44% with £500 cashback option.

The announcement follows the launch of Portfolio Edge, a dual-structured term and bridging facility for landlords.