The specialist lender’s residential rates for cases up to £2m now start from 5.19%.

The lender says the changes will broaden access to homeownership.

Shared ownership rates have seen the largest reductions.

Based in the Midlands region, Liam and Jack will offer a full range of finance services to businesses.

Both joined the lender via its graduate scheme.

Investment purchases now account for the largest portion of loan purposes.

The lender has also trimmed purchase rates by up to 0.09%.

Rates have reduced by up to 0.20%.

YBS has also reduced rates by 0.20% on its semi-commercial product.

Brokers stated that 'there are some estate agencies where conditional selling is almost standard practice'.