The change means legal fees can be added on top of the agreed advance, including for borrowers at maximum LTV.

GB Bank joins the BDLA as a lender member, adding to a trade body that now represents 55 lenders with a combined bridging finance loan book exceeding £13 billion.

Keystone Property Finance has cut rates across its fixed rate buy to let product ranges by 0.15%.

Phoenix Money offers bridging loans from £50,000 to £5 million.

Afin Bank has expanded its bridging finance range with lending of up to 80% LTV for borrowers needing fast funding.

Landlords polled by Pegasus Insight say rental income tax rates of 24%, 44% and 49% will affect their rents, sales and spending.

The King’s Cross student accommodation scheme includes a £5.7 million affordable housing payment and a 64 sq m community hall.

Infrastructure costs are the biggest barrier to grey belt development, cited by 52% of developers surveyed by Shawbrook Development Finance.

Pitch Black Technology is also working with the BDLA directly to build the association's own CRM system.

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%.