The lender said that on securing its new funds it had to review processes to ensure its risk is suitable to funders. Gary Bailey, group director said: “Lending continues to be responsible in the current climate and to maintain efficiency with the increased volumes.”

Blemain wants submitted cases to include a fully completed application forms with credit search, valuation, mortgage reference, proof of income and identity. It also wants sight of the original credit agreement, legal charge and office copies of Land Registry details.

It added that any cases outside the new criteria which went live this week would be referred to the lender’s credit committee.

Earlier this week Blemain announced it had secured £900 million fresh funding through a banking syndicate led by the Royal Bank of consisting of a £500 million securitisation and a £400 million syndicated loan.