The lender is also reducing minimum interest cover ratios (ICR) to pre-Covid-19 levels for all deals and recommencing lending on holiday lets.

All these changes will take place with immediate effect.

Marcus Dussard, sales director, specialist mortgages said: “Throughout the last few months, we have been steadfast in support for our brokers.

“To all intents and purposes, we have been operating a full service, albeit with some changes to our appetites. I’m excited the changes announced today which mean we can continue to support the market from the front”.