Grant Hendry, director of sales at Foundation Home Loans, explains the most common pitfalls in HMO applications and how advisers can ensure a smooth application process and avoid...

Two-year fixed rates now start from 3.23% and five-year fixes from 4.83%.

The five-year fixed rate products now start at 4.99% at up to 75% LTV.

The Society has also announced enhancements to its joint borrower sole proprietor criteria.

The lender has increased the maximum LTV on its five-year fixed Tier 1 product.

Landbay has added four new products for small houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).

The biggest reductions are across Landbay’s small HMO/MUFB range.

The range offers more solutions for landlords with properties that do not meet traditional lending criteria.

Rates have reduced by up to 0.25%.

Rate cuts apply for both new and existing borrowers.