The Society has launched a 95% LTV five-year fix at 5.75%.

The waiving of valuation fees will apply across all its bridging products – residential, commercial and semi-commercial.

All regions saw an improvement in annual rate of change in first quarter of 2024.

Some welcomed more innovation for first-time buyers, while others raised concerns about the potential for negative equity.

Sales agreed are up 9% compared to a year ago.

Average house prices increased in 69% of areas compared with 2022, while average earnings increased in 88%.

The Bank's Monetary Policy Committee has held rates for a fifth consecutive time.

House prices climbed by 0.5% between December and January.

The number of sales being agreed is now 13% higher than at this time last year.

90% of mortgage borrowers are confident they will keep up with payments, an increase from 85% in December 2023.