For holiday lets, the average maximum loan available so far this year has been £401,384, while the average minimum loan is £164,119. This is a difference of £237,265.
The lender will offer Help to Buy options on its Pepper 48, Pepper 36 and Pepper 24 product tiers, enabling first-time buyers with a less than perfect credit profile to utilise the scheme.
On average, advisers processed 97 cases between July ‘20 and September ‘21, 2% more than the previous historic high.
MPowered Mortgages has also released a new range of 7-year fixed rate products, starting from 3.04%.
Some 70% of those surveyed by RICS said they had seen a rise in property prices, with the trend expected to continue over the coming three months.
The total value of equity released rose by 18.8% from nearly £884m in the third quarter of 2020.
The new rates, available up to 75% LTV, include a 2-year fix at 2.29% and a 5-year fix at 2.99%. Both products include a 2% fee.
The new partnership will see a tree planted on behalf of clients for every mortgage completed in an effort to reduce CO2 emissions.
Jonny Moulton, co-founder and chief executive of Haysto, said: “I have come to rely on Peter as a trusted adviser and his experience leading and scaling commercial teams in some of the world’s fastest growing companies is a great fit for Haysto.”
Notable products for new customers moving move include a 90% loan-to-value (LTV) 2-year tracker at 1.29% and a 75% LTV 2-year tracker at 0.84%. Both include a £1,499 fee.