The government hopes the new rule will reduce the amount of money lost to fraud in the UK, but industry has warned that essential payments like mortgages could be impacted.

Pill says the need for such caution "points to a gradual withdrawal of monetary policy restriction".

Lower rates provide landlords with greater opportunities to expand portfolios and maximise profits on long-term assets.

The Bank has expanded its legal panel to include HCR Law. 

The number of tracker mortgages taken out has risen from 118,818 in 2021 to 198,044 by Q1 of 2024.

The average first-time buyer sees £100,000 property ladder profit in five years.

The first-time buyer stamp duty threshold will revert back to £300,000 at the end of March 2025.

The Society has enhanced LTV and income requirements across the range.

Rosemount advisers can refer clients with second charge or bridging needs to Loans Warehouse. 

The lender has reduced residential and buy-to-let rates by up to 0.29%.