Smaller loans may be able to help borrowers consolidate unsecured debt at a cheaper rate.

Flex Together is a new mortgage affordability solution with family and friends.

The lender has reduced rates across its two-year and five-year fixed rates.

The specialist lender has promoted senior BDMs and underwriters.

TMW has also introduced a new fee option for landlords of £3,995.

Economists had predicted a small drop in the annual rate.

The volume and value of lending both fell by 6% compared to 2022.

The Bank has also further enhanced its Recovery Loan Scheme offering.

The ranges feature reduced rates and new products.

PMS advisers now have access to a panel of over 100 lenders covering buy-to-let, residential, remortgage and specialist lending.