The latest UK House Price Index shows that London remains the dominant market where average house price is concerned, topping the £500,000 mark earlier this year.

At £234,474, the current UK average house price requires homebuyers to stump up £38,461 for a 15% mortgage deposit.

House prices are up 13.4% on an annual basis with the average house price now standing at £343,658. 

The lender has released a variety of two and 5-year rates, including several with zero product fees.

GoCompare customers can now compare personalised deals using Mojo's technology, which can also signpost them through to expert advice with a CeMAP registered Mojo mortgage adviser.

CHL Mortgages returned to lending in May this year and offers buy-to-let mortgage finance to landlords from first-timers to experienced portfolio players.

As a consequence of the pandemic it is now cheaper to rent a home than buy one, the first time this has happened since December 2014, according to Hamptons.

Paul Fryers, managing director at Zephyr Homeloans, said: “Our 80% LTV mortgages are competitively priced and available to both individuals and limited companies – and will further enable intermediaries to serve the needs of buy-to let borrowers.”

Gifting cash earlier in an individual’s lifetime is becoming more commonplace, due to the impact of the pandemic, according to Claire Singleton, chief executive of Legal & General Home Finance.

The lender is offering an 80% LTV 5-year fix at 1.89%, which is available for both residential and remortgage.

Matthew Tucker has joined from JLL, where he spent three years as associate director, responsible for development monitoring.

The product is a 95% LTV 2-year fix at 3.79%, which includes no completion fee.