Almost a third (31%) of private landlords surveyed in England are small-scale retired landlords, typically owning one or two properties.

Some 14% of landlords in England who let to flatsharers have switched to room-only tenancies since the Renters’ Rights Act took effect, with a further 12% considering it.

Some 85% of landlords report making a profit, up from 82% in 2011, while the share experiencing rental arrears has fallen from 50% to 28%.

The cheapest new product for new landlord customers is a two-year tracker at 4.49% with a 2% fee, available up to 75% LTV.

The facility will support the 34-bedroom hotel through its trading ramp-up after it reopened in April following an extensive renovation.

The 71.25% LTV loan will support construction completion over the next three months, with further sales expected.

The Society will consider landlords with up to 10 mortgaged properties, including those already financed by Tipton, with aggregate borrowing capped at £1.5m.

Landbay's latest survey finds 34% of landlords plan to buy additional properties, while refinancing and product transfers remain key priorities.

All of the new products go up to 75% LTV with a minimum loan size of £75,000.

Sandbanks in Dorset recorded a 93% rise, from £665,000 to £1.28m.