Following the rate rise, the likes of Natwest, Santander, Leeds BS, Clydesdale and Skipton to make changes to their products and rates, with more changes expected to come.

In other news, brokers posited that increasing down valuations are being driven by high demand along with buyer desperation and MPowered Mortgages launched an AI system which aims to take on the big banks. A revival of Right to Buy also hit the headlines and brokers comments around upcoming EPC legislation piqued reader interest.

Base rate rises to one per cent

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Shortage of property and desperate buyers behind ‘down valuations’ ‒ analysis

Natwest ups rates; Santander and Skipton increase SVRs – round-up

Inability to meet EPC deadlines could hit landlord property disposals – Marketwatch

Exclusive: MPowered enlists AI to produce complex residential underwriting in seconds

Rocketing inflation will induce steeper base rate rises – Maddox

Government to relaunch Right to Buy ‒ reports

Leeds BS cuts BTL stress rate by one per cent

Millions of homes pushed into higher stamp duty bracket

Exclusive: Cashback service MyMortgageRewards.com goes live to brokers