From today, lending limits at 85 per cent LTV range have been increased from £500,000 to £750,000.

Meanwhile, in the 90 per cent LTV range the lender will now consider loans up to £550,000, up from £400,000.

Rates on the products start at 2.54 per cent for a two-year fix at 85 per cent LTV with a £999 fee and 3.14 per cent for the reciprocal five-year fix.

Last month the lender announced it had completed £24bn of new mortgage lending in 2020 – up £3bn on its 2019 total.

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This made it the fifth biggest lender in the UK mortgage market last year.