The lender has also reduced rates on selected products in its core buy-to-let range, holiday lets, and HMOs.

The society has announced a number of rate reductions as well as withdrawing two 3-year products as it continues to adapt its offering to market demand.

Payslip fraud has been found to be the most common way tenants try to trick referencing systems.

SDLT costs for homeowners in England are estimated to have passed £3.65bn during the last 12 months.

Shawbrook's support ensured that the developers were able to successfully complete the project despite covid-related supply chain issues.

The specialist lender says that its latest products will appeal to those who are finding it difficult to raise a deposit.

The society has announced that it has further strengthened its residential product offering with a new suite of fixed-rate and variable-discount products.

The UK’s mortgage broker industry has grown by 110% in the last decade and is now forecast to reach a total market size of over £2.5bn, according to Octane Capital.

The lender's new W3 range is comprised of two 5-year products aimed at borrowers who can "demonstrate that their problems are behind them."

Paradigm member firms will now be able to access the full range of MFS products covering both buy-to-let mortgages and bridging loans.