Here is a summary of some key changes and announcements in the mortgage market to end the year.

• Accord has refreshed its buy to let range with further reductions of up to 0.35% on 75% of the range. With Accord also reducing fees on their mortgages and introducing some fee-free options, this is a great approach for a lender that is looking to start 2018 quickly. Accord us a lender that has some of the better rental stress testing on the high street, so expect the lender to be busy next year.

• The Bank of England has kept the base rate on hold to 0.5% in December following the recent rise. This was an expected move, with the Monetary Policy Committee adopting a gentle approach to the expected rises. There is a possibility that rates will increase further in 2018 but it is too early to tell when this will be. Watch this space …

• According to research by Barratt Homes, the District Line is the most affordable tube line when it comes to purchasing a property, with the lowest average deposit at nine of the stops on the line. This is an interesting way of looking at affordability in each area and it gives some useful pointers, with commuting being a key part of London life. Across 265 stops on the District Line, the average deposit was just over £105,000, with Dagenham East the lowest average at £30,895.

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