Rates on selected 90% LTV residential products have also been reduced, with the lowest now at 7.09%, according to Foundation.

Hodge now allows remortgage capital raising up to 90% LTV and debt consolidation up to 85% LTV.

Broker searches for remortgage products in Q1 2025 have risen by 34%, driven by the 1.8 million fixed-rate mortgages maturing this year.

The fee reduction has been introduced with the aim of making it easier for holiday let owners to secure financing, without higher upfront costs.

TML is one of a handful of specialist lenders who offer an AVM service, following a series of recent enhancements to their broker portal.

The platform has expanded its residential mortgage range with the new product following feedback from brokers.

The lender has announced new two-year fixed and tracker products, following its recent launch of new lower stress testing.

The buy-to-let lender has made the changes alongside a raft of new rate reductions

The society and self-build brokerage, Mayflower Mortgage and Finance, completed the £1,371,000 remortgage for a Cotswolds-based property with a final valuation of £2.5m.

The lender has announced that it has reduced rates across semi-commercial products to help support those looking to purchase and remortgage.