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The School Fees Company will work with intermediaries whose clients are funding school fees.

The products have no early repayment charges and a choice of 2% and 5% fee options.

Reductions apply across Aspen's entire product range, including heavy refurbishment, foreign national and commercial rates.

Rates have reduced across products from 80% to 95% LTV. 

The Society says the change reflects the growing demand from landlords to place their investment properties in a SPV.

The lender has appointed a national account manager and two telephone BDMs.

Cuts apply across the lender's core and interest-only ranges.

The bank says the move aims to boost landlord affordability and rental supply.

30% plan to increase their contributions, marking the biggest year-on-year shift in pension behaviour, but take-up of financial advice remains low.

Purchase approvals fell as mortgage rates increased for the first time since February.