The lender has made several changes to its practices including a tougher stress rate and loan-to-income (LTI) criteria.

Mortgage Solutions understands that Shawbrook will no longer accept Agreed Notice cases – it had been one of the few lenders to do so.

The changes are:

• Implementation of a 3% stress rate to both the first mortgage and second charge payments
• Shawbrook One and Shawbrook Two have been removed from its product offering
• No longer accepting Agreed Notice cases
• No longer considering referrals where the LTI is over six times

Shawbrook declined to comment about the changes being made.