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The market had regained momentum after the slowdown recorded around the turn of the year, however, the conflict in West Asia is now clouding the outlook.

Charles Roe has announced that he is leaving his role as director of mortgages at UK Finance.

RAW will now lend against current market value, rather than deducting a new build premium.

Mortgage rates had already begun to increase in February, before the full effects of the conflict in West Asia pushed up swap rates.

Average mortgage rates increase by 0.4 percentage points in recent weeks.

Gordon joins from Mortgage Advice Bureau where he was recruitment director and previously regional sales director.

Buy-to-let product choice has fallen sharply, by around 1,300 deals since the start of March. 

Ben was previously national account manager at Finova.

New business and product transfer fixed rates will increase by up to 0.53%.

The lender already accepts day one remortgage applications for bridge exits from FCA registered firms.