Last year's report informed the creation of a cross-industry “route of disclosure” guide. 

Russ will be responsible for the delivery of the Society's banking and mortgage transformation strategies.

Residential and buy-to-let rates have reduced by up to 0.54%, alongside improved affordability.

The lender has also reduced rates by up to 0.20% and introduced a lower minimum loan size.

PEXA is launching its sale and purchase solution in the Autumn which will enable it to serve over 70% of property transaction types in England and Wales. 

Average revenue per adviser increased by 14% to £74,000.

Rates in the range start from 4.35%.

Medium-term potential for growth has been upgraded due to a more relaxed approach to mortgage affordability tests.

Connect aims to expand its adviser base and deliver enhanced support to brokers operating in the specialist lending market.

The average buy-to-let rate is now 41 basis points lower than in Q1 2024.