For individual loans, Fleet has dropped the calculation from 125% at 5.35% to 5.14% and for limited company mortgages the rate has fallen from 125% at 5.6% to 5.39%.

The rental coverage ratio for HMO products is now 125% at 5.64%, down from 5.85%.

The calculation on lifetime trackers is unchanged at 125% at 5%.

Fleet has made a number of changes to its lending criteria following the EU referendum. Last month the lender moved to accept gifted deposits and properties at £100,000, but tightened many elements of its criteria in response to the UK vote to leave the EU.