TSB will launch a three-year residential product, while specialist lender Step One Finance has loosened criteria rules on second charge home loans and landlord deals.

The high street bank will introduce a three-year £1,495 fee residential product, with rates starting from 4.57%, from tomorrow (3 July).

Meanwhile, Step One Finance today lifts the maximum loan to value for residential properties increases to 95% from 85%, as buy-to-let properties rise to 85% from 80%.

It adds that its maximum loan size for landlord properties increases from £100,000 to £150,000.

The lender confirms that customers who have been quoted, but not completed, their loan can take advantage of its relaxed lending guidelines.

Step One Finance head of lending Martin Porter says: “These product improvements continue to expand our product offering enabling our broker partners to help and serve even more customers.”