The sales and marketing director is leaving Bluestone to return home to Australia.

The range is available on one to six month mortgage terms and landlords can then switch to a buy-to-let mortgage.

The Bank has also streamlined its Finance Service Coverage Ratio (FSCR) bandings.

22% estimate if they were to make the move home, they could have enough saved within a year for a house deposit.

The product is designed to offer more options for complex borrowers.

Selected residential and buy-to-let rates have reduced by up to 0.14%.

Building societies were once again the highest scored sector.

159,000 mortgage holders have extended their term or switched to temporarily paying interest-only.

Mike Cook, chief mortgage officer at Market Financial Solutions, explores what property-related solutions the public would like to see prioritised during the General Election campaign...

The figures also show that the value of outstanding mortgage balances with arrears is 44.5% higher than a year earlier.