The F1 limited edition five-year fixed rate comes with a headline rate of 5.74%.

Some welcomed more innovation for first-time buyers, while others raised concerns about the potential for negative equity.

New research from the Bank also shows growing demand for Shariah-compliant home finance.

Standard two-year fixed rates now start from 3.00%.

The lender says it is now delivering 80% of mortgage offers in 24 hours and 20% in two hours.

Advisers say products with more flexible criteria and which more easily allow capital repayment are most needed.

The FCA recently launched a review innto how firms approach and treat customers in vulnerable circumstances.

Sales agreed are up 9% compared to a year ago.

Liza has previously worked at L&G, Paragon, and Precise.

The inquiry will consider digitisation, a potential ban on referral fees, and a mandatory professional qualification for estate agents.