The Society has also introduced several enhancements across its foreign national and expat mortgage range.

Perenna will see its £200 million warehouse renewed until July 2026.

Loans can be offered up to 133% of current rental payments.

Rates have reduced by up to 155 basis points across Kensington’s core and prime buy-to-let ranges.

Additional borrowing can be accessed for home improvements, debt consolidation, shared ownership staircasing, and more.

Trudy Woolf, director of lender services at e.surv Chartered Surveyors, says the development of brownfield, greyfield and greenfield sites presents potential issues for lenders that...

The updates apply across both core and specialist ranges and cater to a variety of borrower profiles.

The lender has also launched new limited edition buy-to-let products at 65% LTV.

As part of the changes, the Society will offer its standard expat range up to £3m.

OMS's system will strengthen L&C's ability to provide tailored mortgage advice.