Precise and Kent Reliance have returned to market and will now allow desktop valuations up to 60 per cent loan-to-value.

Precise will allow remote valuations on residential and buy-to-let first charge mortgages for properties worth up to £600,000 in England, Wales and Scotland for either purchase or remortgage.

It will continue to accept self-employed borrowers and those with less-than-perfect credit profiles.

The lender’s buy-to-let range includes products for limited companies and portfolio landlords as well as individual’s borrowing in their own name.

Kent Reliance will also now allow desktop valuations up to 60 per cent LTV for purchase or remortgage in England and Wales.

The maximum loan size for these cases will be £360,000 and the maximum property value £600,000.

The developments will be welcomed by brokers as a sign the market is starting to adjust to the new normal.

It comes after Virgin Money yesterday announced it was returning to the purchase market.

The lender has brought out buy-to-let and residential deal for home buyers after temporarily withdrawing from the space due to the inability to carry out physical property valuations.