The lender, which operates solely through mortgage advisers, has cut the interest rates it charges on its standard mortgages by up to 2.25% to start from 4.45% and reduced its product fee to £495 from £995.

Rates on ‘near-prime’ – for borrowers with minor faults on their credit records –  have also been cut by up to 3.25% and now start from 5.45% plus Bank Base Rate.

Steve Walker, director of adviser Promise Solutions, said: “The latest products offer a market leading combination of rates, low fees and choices of tracker or fixed rates… the new criteria will result in significantly more clients qualifying for the excellent rates on offer.”