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The UK economy recorded modest growth in August, signalling a slight improvement in overall activity, according to the latest data from ONS. 

The bonus deferral period for senior bankers will be cut from eight years to four.

Borrowers remortgaging this year face average annual costs of £1,752, around £146 a month, according to BoE estimates.

YBS Commercial now offers a 24-hour decision-in-principle (DIP) for fully documented applications.

Hodge now offers lending from age 21, up to and into retirement, with flexible manual underwriting.

AVMs are now allowed on Right to Buy and purchase applications up to 80% LTV.

Barclays now considers bonus, overtime, and commission income up to 4x basic salary plus allowances.

The new partnership adds to FIBA’s growing network of lender partners focused on broker support.

The move follows earlier improvements introduced this year aimed at strengthening borrowing power for SME borrowers and landlords.

Average two- and five-year fixed rates rose by 0.02% to 4.98% and 5.02% respectively, according to newly released data from Moneyfacts.