The lender’s Heritage, Sovereign and Classic product ranges will feature a mixture of approaches to valuation, based on a considered risk assessment.

These options will be tailored to individual customer circumstances and reviewed on a case-by-case basis.

Brendan Gilligan (pictured), head of product at Pure Retirement, said: “We’ve carefully reviewed our processes in line with the evolving guidance from the government, developing processes to help further customer applications while maintaining their safety as our number one priority.

“These latest moves are part of a long-term process that will continue to adapt to government guidelines, with the safety and wellbeing of customers and contractors continually at its forefront.”