The changes will allow borrowers earning over £50,000 to borrow more.

Rates have reduced by up to 30bps.

Patrick Bamford, head of international business development at Qualis Credit Risk, looks at whether the government might announce any new support for first-time buyers in its October...

The survey found that only three in 10 are currently using a broker to help them secure a mortgage.

The products are tailored exclusively for experienced landlords.

Rent and mortgages spending grew by just 1.1% in August, the lowest rate of growth recorded since March 2023.

Brokers will receive an additional 30bps on every fifth anniversary of the mortgage for the remainder of the fixed term.

The change will allow borrowers bringing in a household income of £50,000 to borrow up to five times their income.

Qualifying professions include management consultancy and investment banking.

UK Finance says the payment shock for customers reaching the end of their fixed rate deals appears to have peaked at the end of last year.