Related topic: Stress Rates

The lender has reduced rates by up to 0.32%, with core residential pricing now starting from 5.04%.

The change means an average borrower could access up to £28,000 more.

The new stress rates will allow eligible customers to borrow up to an additional £33,000.

The bank says the move aims to boost landlord affordability and rental supply.

The change will allow eligible customers to borrow up to an additional £33,000. 

The move follows earlier improvements introduced this year aimed at strengthening borrowing power for SME borrowers and landlords.