The Society has also reduced residential mortgage rates by up to 0.23%.

Retention product rates have also reduced by up to 15bps.

Five-year remortgage products have seen the largest reductions.

The affordability of monthly mortgage repayments is a growing barrier to buying a home.

Quilter intermediaries now have access to Perenna’s long-term fixed rate mortgages.

Part of Gareth's role will be recruiting, developing, and retaining advisers.

The product is aimed at borrowers with an adverse credit history.

Part of Merrey’s remit will be to grow West One’s presence in Scotland.

Despite this, 68% of first-time buyers were unsure what shared ownership means.

Gross lending is 13.1% below the total seen in Q1 2023.