The momentum seen in the days leading up to the decision didn’t carry through once the announcement was made.

The lender’s interest-only proposition will comprise three phases, the first of which launches today to intermediaries on its panel.

Brokers were cautioned against recommending two-year fixes in the expectation that rates will be lower in two years' time.

New Build Boost launched in March as a private sector alternative to Help to Buy.

Standard mortgage rates now start from 5.48%.

The new workflows include dynamic fact-finds tailored specifically to bridging and commercial transactions.

Just 29% of brokers believe estate agency market appraisals and agreed sales prices accurately represent market value.

The lender says it is seeing a significant increase in enquiries for borrowers looking for higher leverage.

Changes apply on standard and green two-year products, including HMOs and MUFBs.

The siblings face up to 14 years’ imprisonment.