The lender has also added an HMO and Airbnb product to its second charge buy-to-let product range.

The latest cuts apply to five-year fixed rate and tracker mortgages.

Rates start from 6.19% for a two-year fixed rate.

The scheme launched last month and uses the completion incentive budget offered by housebuilders to offer a lower interest rate mortgage.

The Mortgage Industry Mental Health Charter recently achieved its 100th signatory.

The lender has re-introduced Tier 2 and Tier 3 buy-to-let products.

UTB has appointed heads of specialist distribution for the North and South.

The latest offering accepts up to four applicants in total, and the combined income allows customers to potentially borrow more.

Purchase rates now start from 4.42%.

Keith Young, managing director of Broker Conveyancing, predicts how the mortgage market might progress in 2024 and the opportunities an increase in activity presents for advisers.