The lender says the changes will broaden access to homeownership.

Shawbrook says the move brings greater simplicity, faster access to expertise and more choice for brokers and clients.

The lender has increased its LTVs by 5% across its Clear, AAA, AA, and A product tiers.

Rates have reduced across residential, Right to Buy, and Deposit Unlock products.

Rates now start at 6.24% on 60% LTV mortgages

The lender has announced the appointment of a new field-based BDM as well as an internal promotion.