OneSavings Bank is launching new products at up to 75 per cent LTV following the restart of physical valuations.

The products will be issued across its three main brands – Kent Reliance for Intermediaries, Precise Mortgages and InterBay Commercial.

They include buy-to-let remortgages for HMOs at up to six beds and multi-unit freehold blocks as well as residential mortgages.

Precise Mortgages will also be offering products for Help to Buy borrowers.

OneSavings Bank adds that existing applications that have progressed to the valuation stage, fit the new criteria and have had fees paid will be honoured.

OneSavings Bank managing director Alan Cleary says: “Whilst it’s been an odd and unsettling time, I’ve been especially proud of the efforts that the OneSavings Bank team has made to ensure a level of business continuity for our intermediary partners during the lockdown period.

“A return to physical valuations is obviously a really positive step for the market and we know from our regular conversations with brokers that it was absolutely vital we were up and running as soon as these were possible.

“We’ve made great efforts to be transparent with our brokers with regard to our lending appetite to manage their expectations and also demonstrate that we can move quickly in response to the changing market.”

“It’s more important than ever for us to work closely with our brokers to help them guide customers through the new complexities that Covid-19 has brought to the market whilst continuing to innovate and offer lending solutions that work for them.”

“But I emphasise that this is only the start of the journey and if the UK’s recovery continues on this trajectory then we intend to move forward at pace.”