The Mortgage Lender has also announced that it is to reintroduce its buy-to-let fee-saver product from today.

Rental yields reported by landlords have reached their highest level since 2014, according to the latest PRS Trends Report from Paragon.

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A new poll of 1,300 landlords has revealed a significant drop in confidence when it comes to attitudes towards the state of the rental market.

The lender has announced fresh rate reductions on its buy-to-let product range across all loan-to-values up to 75%.

96% of homebuyers who had abandoned their plans due to escalating interest rates now say they are going to re-enter the housing market.

The development exit loan was structured with a short 12-month term to align with the anticipated rapid sales of the properties.

The lender completed the loan for an experienced property developer in just 12 days.

The funding comprises a £7m acquisition bridge, provided by specialist lender Octane Capital, and a £2.3m VAT loan from Adsum

The rate cuts include reductions across the lender's residential, right-to-buy, and deposit unlock ranges.