Founder Andrew Bloom steps back from day-to-day involvement in the bank and moves to a NED position on the Masthaven board.
The Private Rent Sector Landlord COVID-19 Loan Scheme will offer eligible landlords up to 100% of lost rental income for a single property.
Borrowers will be offered the zero contact valuation service to help progress cases through to completion without breaching social distancing.
The move aims to help brokers access the right tools to help clients during the COVID-19 crisis.
During current lockdown restrictions, virtual viewings have come into the fore, but this trend will not die out once lockdown ends, says OneDome.
The volume of mortgage searches during the week ending 2 May 2020 was up 5.36% on the previous week, and 21.32% compared to two weeks ago.
The specialist mortgage lender previously reduced its maximum LTV on all products to 70% in the face of the COVID-19 crisis.
Figures show the number of landlords entering the market with new stock has declined every year since 2015, with an average annual drop of 1%.
The move came in response to a call on Twitter for Knowledge Bank and Criteria Hub to implement a search field for lenders’ SVRs.
The 12-month product is available with a 1% discount off Paragon’s SVR which currently stands at 4.95%.