There has been a nationwide drop in the percentage of asking price being achieved by home sellers, according to newly released figures.

The bank announced this morning that it has further reduced rates on selected Prime and Near Prime products.

The Mortgage Works has announced that it has reduced rates for the third time this month.

Aldermore has announced the launch of new buy-to-let products.

The lender will also consider a blended ICR approach to maximise affordability for landlords.

Keystone Property Finance has cut rates across its buy-to-let range by up to 0.40%.

Landbay has announced further reductions across its range of two and five-year fixed rate buy-to-let products.

UTB will now accept passing rent figures declared by landlords to a maximum of 10% over the rent verified by a valuer.

Despite the fall, prime London’s traditionally popular neighbourhoods are once again growing in demand.

The changes provide more financing options for personal ownership and buy-to-let clients seeking larger loans.