The remortgage service makes use of PEXA’s technology, with Optima Legal providing borrowers with an online case tracking portal.

All new business and product transfer fixed rates will reduce by up to 0.36%.

The Society will pay a 0.35% procuration fee on all eligible transfers.

Property transactions were 9% lower than August as buyers took a 'wait and see' approach.

The OBR says market expectations for interest rates remain volatile and predicts further increases in mortgage rates.

Average rates across all LTVs are now as much as 2% lower than after the mini-budget.

Residential rates now start from 4.14%.

The average house price value among new lifetime mortgage customers has risen nearly five times as fast as the national average.

Buyers can now borrow up to 85% LTV on selected residential expat mortgages.

Property experts outline what various stakeholders in the housing market should prepare for.