Second home purchases across London dropped 42% in the past year, with a 51% decline in the prime market.

Across England and Wales, freeholds cost £310,000 on average compared with £230,000 for leaseholds, a 29.6% premium

The lender is currently funding the delivery of more than 7,350 homes annually across the UK.

Around 7% of UK policyholders admit to actions that could cancel their home insurance, according to newly released figures.

Residential RL0 and RL1 products have seen rate reductions of up to 25bps across all LTV tiers up to 90%.

The facility considered a mix of ASTs and corporate leases in structuring the loan.

Semi-detached homes accounted for 33.5% of first-time buyer purchases in August, according to the latest research from Barclays.

58% of landlords plan to keep all their properties over the next 12 months, up from 47% last year.

It now takes an average of 25.7 months for a London development to progress from planning application to construction start, according to newly released data.

London has seen conversions almost halved, following a 49.7% reduction.