Shawbrook Bank has made a host of changes to its lending criteria with immediate effect.

This includes the reintroduction of its heavy refurbishment products – at up to 75 per cent LTV – and a return to its pre-Covid-19 development exit criteria.

The lender is also removing the additional assessments required for buy-to-let and bridging loans over 65 per cent LTV and revising the BTL debt service overage ratio to 140 per cent for individual applicants.

Additionally, the full eAIP application service has also been resumed, which means that approvals made through the system no longer need underwriter confirmation.

In a note to brokers, Shawbrook adds that all loans are available at a maximum of 75 per cent still, and that all commercial investment loans over 65 per cent LTV need additional assessment.