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.

The partnership aims to provide brokers with more choice for specialist and complex cases.

Brokers are significantly more open to using different providers than last year, the research found.

The change will support 12% more affordability-constrained buyers, with maximum loan amounts increasing by as much as 22%.