The new buy-to-let product comes alongside new limited edition products and rate reductions across the lender's residential range.

The 10bps rate reduction is in addition to the lender also announcing that it has made changes to its expat buy-to-let criteria.

The lender has reduced all fixed rates, with reduced options available for new and existing customers.

In addition to the new 2 and 5-year products, the Shariah-compliant Bank has also made a number of changes to its lending criteria.

The growth in new homes for sale is outpacing the growth in the number of sales being agreed across most regions.

Legal & General has revealed that 38% of potential buyers in the UK were first-time buyers.

The later life lender says that the new higher LTV options are designed to help advisers secure better and more affordable long-term outcomes for borrowers.