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.

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.

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

The change will offer further flexibility to landlords who choose to finance their portfolio through a limited company.

HSBC is also introducing a new high value mortgage range from £2 million.

The Awards programme recognises the work of marketing within the intermediary space.

The Bank has reduced residential mortgage rates by up to 0.50%.