Matthew Cumber, managing director at Countrywide Surveying Services, explores the outlook for the mortgage market in 2024 and the biggest opportunities for intermediaries over the next...

Bridging rates have reduced across both its fixed and variable products on both residential and commercial property types.

The lender has also made a series of enhancements to its second charge range.

Rates have reduced across standard, interest-only, retirement interest-only and lifetime mortgages.

High LTV mortgages have seen the largest rate reductions.

The Society is removing application fees until the end of March.

The Society says the initiative means it can now "flex its affordability stress test".

Rates have reduced up to 95% LTV.

Rates now start from 5.49%.

Rates in the range now start from 3.89%.