Ryan Bembridge

In open letters, Morgan wrote that there are allegations of criminal activity at banks, where home repossessions and other documents are not being signed by the authorised person.

Some 10% more surveyors saw a rise in interest from new buyers.

The division is now giving self-employed advisers the opportunity to work on allocated developments to provide mortgage advice to potential buyers.

The lender has also started paying a contribution towards borrowers’ legal fees for its 5-year fixed rate products at 75% LTV up to a maximum of £850.

Second on the list is Indian people at £110,300, followed by white British at £98,500.

TMW cuts fixed rates

Meanwhile there is a 65% LTV 2-year fix with a £1,995 fee that has been cut by 0.05% to 1.59%, also with £250 cashback.

Morgan Wild, senior policy researcher from Citizens Advice, said the onus should be placed on providers not to overcharge their customers, rather than on customers to switch.

It should be given a name that gets across the point that it’s a temporary rate, like calling it Interim Rate or Default Rate.

MacLean has been at Guardian since joining as proposition director in October 2016, while she was promoted to chief operating officer in February 2019. Before joining she has spent time at Swiss Re and Lloyds Banking group.

The firm launched a buy-to-let range today, while it promises to also enter the residential lending space.