The Income Flexibility offering is open to borrowers who need more flexibility around income multipliers and is available up to 95% LTV for loans up to £1.5m.

For a two-year fix, rates start at 6.79% for 90% LTV and for five years, they start at 6.44%. A fee of £995 applies on both options and the minimum loan amount is £50,000.

For the 95% LTV option, rates start at 7.29% for two years and 6.89% for five.

The Extra Flexibility range applies to customers who need flexibility due to their credit profile and is available up to 85% LTV, with rates starting at 6.79% for a two-year fix at 75% LTV and a £995 fee.

The specialist lender, part of OSB Group, has also reduced rates on its core residential fixed rate mortgage range, as well as on select products in its and buy-to-let ranges.

For core resi, rates now start at 5.84% for a five-year fix  at 75% LTV with a £995 fee.

In the buy-to-let range, rates have dropped by 50bps on 80% LTV fixed rates, with rates on the full range starting from 4.59%.

Additionally, all product fees have been removed for shared ownership products.

OSB Group intermediary director Adrian Moloney says: “With the current economic backdrop, we were keen to provide some positive product options for brokers as we understand the challenges they are facing across the board.

“At the end of the day, there are always clients wanting to transact, whether it’s for the next step towards a family home or an investment property so it’s important as a lender that we listen and adapt accordingly.  For example, our income flexibility products were designed to help newly qualified professionals, looking to purchase their first home but needing flexibility around income multipliers.”