Sarah Thompson, Managing Director at Mortgage Scout, highlights how changes in our lifestyles over the years mean there are many more than just one way to buy a home these days.

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

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.

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

The number of different mortgage products available has now risen to 6,307 options, its highest level since February 2008.

Tom Bill, head of UK residential research at Knight Frank, looks at the likely impact felt by borrowers coming off fixed-rate deals agreed some time ago on better terms.

New products included in the suite include two and five-year fixed rates, available to both 65% and 75% LTV.

Sentiment in the housing market has also improved, with the latest BSA data revealing it is now at its highest since December 2021.

New research from TML has revealed that a similar number will need to renew their mortgage in the following 2-3 years.