The largest reduction is to a two-year fixed rate green LTV Boost product.

The lender is increasing default limits and reducing its missed payment policy.

L&G Home Finance has also simplified product names to help customers understand the best solution for their needs.

On average, respondents had to reduce their LTV by nearly 20 percentage points because of their complex income.

Rates have reduced by up to 26bps.

In his new role, Hall will also be responsible for Saffron’s property development team.

The product is primarily designed for unregulated residential investment properties and to support professional landlords.

Of this group, over half (52%) say this is because their fixed rate mortgage came to an end.

Iain Hendry has been appointed to the newly created role.

19% of people are also considering downsizing.