OneSavings Bank brands Kent Reliance and Precise Mortgages will now lend at up to 70 per cent LTV.

This includes buy-to-let and residential mortgages valued at up to £75,000, and will use desktop valuations.

Earlier this month, Precise announced the launch of new fixed-term second charge products.

OneSavings Bank managing director Alan Cleary says: “All our teams across the OneSavings Bank group have been working hard behind the scenes to ensure we have the infrastructure in place to best support our broker partners and their customers. During this time, we have focused our resource on supporting pipeline cases first before opening up for new business across our various product lines.

“The great news is that from today, Precise Mortgages, Kent Reliance for Intermediaries and InterBay Commercial are officially resuming business and taking on new cases. Our broker relationships remain absolutely key and we’re committed to continuing to provide specialist lending solutions during these challenging times.”