Despite lower fall-through levels being good news for those keen to move, the reasons behind the failed sales suggest caution prevails in the market.

Rising interest rates and higher operational costs are closely linked to the amount that landlords charge for rent, according to Landbay's latest research.

Despite a drop in reported tenant stress, void periods have increased

The £14.25m development exit loan takes the lender's cumulative lending to nearly £800m.

The firm has announced that it has entered the buy-to-let market with a newly launched modern and paperless process.

The increase in demand reverses the downward trend seen so far this year

The group says that it is confident of delivering more than 18,000 units this year, with its Partnerships model outperforming the traditional housebuilding market.

Average landlords are earning £4,000 less a year per property compared to 2020 due to high interest rates

The deal was offered at 0.84% per month and completed in 17 days, one day before the existing deadline.

There has been a significant increase in purchase mortgage searches in six major Northern cities.