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.

The lender says improved funding conditions mean it has scope to pass additional savings onto landlords.

Mark Tosetti, CEO of Broker Conveyancing, explores how advisers can guide buy-to-let borrowers through the current market opportunities and threats.