The lender says the deal represents continued confidence in the UK buy-to-let sector.

Members have already created the first version of on an industry-wide property data trust framework.

Advisers cite compatibility with existing systems and cost of switching as the top barriers.

The lender has also increased maximum loans sizes on second charge and consumer buy-to-let.

Business lending by high street banks has seen a sixth consecutive quarterly rise.

The lender has also introduced new residential purchase exclusives.

The Society says the reduction reflects a change in market conditions and lending costs. 

The Society has also enhanced its criteria on expat applications.

The company says it wants to develop conveyancing talent across the UK.

Incorrect data in the bank's quarterly results sparked a 39% drop in its share price.