Spring has fully automated the decision in principle and application process.

The research also found that over two-thirds of property professionals are in favour of pre-sale surveys.

Of the £83 billion taken in flexible payments since inception in 2015, 65% has been taken by those aged under 65.

Reductions include the Society's Credit Repair and Versatility products.

The rate can potentially improve affordability and mortgage accessibility for borrowers.

Rates now start from 4.14%.

The lender is expanding its maximum loan term and loan sizes.

The Society and its intermediary-only lending division are both reducing purchase and remortgage rates.

The Society has launched a new 3% incentive product range.

The Bank's Monetary Policy Committee has reduced rates for the first time since 2020.