The expectations and reality of completion times varies significantly by age group and postcode region.

The reductions see the Society launch a 'Best Buy' remortgage product.

The data also shows that new arrears cases decreased by 1.3pp between Q2 and Q3.

Fleet said it was able to cut the rates on these products due to its funding model and recent moves in swaps.

149,000 mortgages have temporarily reduced monthly payments via the rules.

Steve Cox, chief commercial officer at Fleet Mortgages, explains why advisers are likely to see a steady stream of landlord borrower business in the months to come.

The Society has launched four new products in the ranges.

The number of pure interest-only mortgages has dropped by 70% over the past decade to 664,000, representing only 8% of the residential mortgage market.

Advisers will now have access to expanded customer types and increased flexibility.

House prices are unaffordable for low-income households across all four regions of the UK.