In addition to the rate reduction, the lender will now also contribute £500 towards legal costs for bridge-to-let loans.

The deal marks the bank’s first direct loan in the social housing space.

Foreign nationals can borrow up to £20m at 75% LTV

60% believe property is a good route to long-term wealth.

Landlords in the West Midlands faced the highest increase in void-related losses, up £191 year-on-year.

Hinckley & Rugby Building Society has announced a number of mortgage product changes, including new rates for limited company borrowers.

Darlington Building Society has launched a refreshed range of two-year fixed rate buy to let products, including a bespoke remortgage deal for landlords starting from 4.54%.

Keystone Property Finance has today reintroduced a number of 5-year products for landlords with a 7% arrangement fee option.

Fixed-rate mortgages remain the go-to recommendation for landlords, with five-year fixed products leading the pack, according to new research by buy-to-let lender Landbay.

Following criteria changes, the minimum income for BTL applicants is now £18,000, with eligibility starting at age 18.