Over its lifetime, the guarantee facility is expected to support over £300m of finance to help fund the creation of new homes.

Average rates have fallen by up to 0.17% compared to last week.

The number of second charge agreements rose by 17% in November.

Zoopla says the market 'bounce' started earlier than anticipated on Christmas Day.

Rates have reduced by up to 0.47%, with loans of between £1m and £4m qualifying for a further 0.25% reduction.

New build, large loan and buy-to-let rates are among the rate increases.

The Society is offering a 5.48% five-year fix to support the new proposition.

2024 was the busiest ever year for purchase and remortgage searches.

The lender has also increased the maximum LTV for small MUFBs to 75%.

Paul Adams, sales director at Pepper Money, says a 2025 resurgence of the remortgage is a huge opportunity for brokers with more customers needing professional advice.