The number of lettings professionals reporting an increase in arrears over the past year has halved from 64% to 32%, with 14% reporting a decrease in arrears.
Francesca Carlesi, chief executive of Molo, said: “Lowering our prices gives landlords excellent options, whether they’re purchasing a property as an individual or a limited company.”
As a result, the number of new agreements in July was 2,433, and the value of this new business was £101m.
The changes will help to prevent scams and to ensure the Financial Services Register presents a clearer picture of the permissions firms hold.
Earlier in the summer TML added a raft of new 80% LTV products to its core BTL range and reduced its minimum loan value to £25,001.
The specialist lender has partnered with TMP The Mortgage People for the pilot.
Lyndsey Simpson, chief executive of 55/Redefined, said: “55/Redefined is delighted to be working with Fluent Money providing access to mortgages and loans for over-55s.”
Tenet’s network of 700 mortgage advisers positioned across the UK are now able to access Habito’s extensive range of 2-, 3-, 5-, 7- and 10-year fixed rate BTL mortgages.
Agreed sales also declined at the same time – with a net balance of -18% reporting a fall.
Lewis Benson, area manager at The Cumberland, said: “We change our rates all the time because as a mutual organisation we are always trying to get the best deal for our members.”