The Bank's highest LTVs have seen the largest rate reductions.

Rate cuts apply across the lender's first-time buyer, home mover and remortgage ranges.

The lender has reduced rates for new and existing customers looking for a new mortgage deal by up to 0.22%.

The latest updates also see enhancements to Pepper’s AVM criteria.

Rates in the range start from 5.74%.

Tom Denman-Molloy, intermediary sales manager at Mansfield Building Society, says recent criteria changes are not about going back to pre 2022 conditions, but about making sensible...

The extension follows the launch of 80% LTV products for purchase and remortgage in April.

The product has been developed in response to affordability pressures and regulatory shifts.

Frances joins the Group from Barclays, where she is currently head of mortgage intermediary partnerships.

Going forward the initiative will focus on two core pillars: Attract and Retain.