Related topic: Mortgages

The increases span purchase, remortgage and product transfers.

The biggest challenges are long decision times (28%), excessive paperwork (22.6%), and poor customer service (18.9%).

The product is now also available on Skipton’s 100% Track Record Mortgage and shared ownership options.

The enhancement will help borrowers avoid the friction associated with cross-border transfers and currency conversion.

52% of UK adults said they found saving money for a deposit to be the biggest barrier to buying a property.

The lender has removed the minimum equity requirement and raised the maximum LTV.

The Society has launched three new products designed to support borrowers with historic credit issues.

Cuts also apply to the Society's specialist range, including expat and its recently launched skilled worker visa criteria.

The lender has also launched new 80% LTV two and five-year fixed rates starting from 3.87%.

Purchase, remortgage, home mover and buy-to-let rates are all affected by the latest increases.