The new rates apply immediately across all new lending.

Heavy refurbishment loans have been reduced by 72bps to 0.83% pm at 80% LTV.

26% of flatsharers spend more than 50% of take-home pay on rent

The announcement follows last week’s completion of the Braccan Mortgage Funding 2025-1 deal, which secured £550m in funding.

Credit Restore LTV limit raised from 70% to 75%

HMO and MUFB fixed rates cut by up to 0.35%

Small HMO/MUFB two-year fixed rates have been reduced by as much as 0.60%, beginning at 3.89%.

New expat fixed rates include 5.39% for 80% LTV capital and interest, down from 5.59%

High LTV loan limits have increased to £640,000 for houses and £310,000 for flats.

Interest rates start from 5.99%, with automatic rate cuts as LTV improves.