Vida Homeloans has also made the decision to retract its mortgage range just a week after it pulled some of its residential and buy to let products.

At the time, Vida warned that other non-bank lenders could follow suit due to a lack of access to liquidity facilities offered by the Treasury and the Bank of England to help lenders support borrowers who are financially affected by the pandemic.

The lender said it was told by its valuers that they would be unable to conduct physical valuations meaning any due to be carried out on an ongoing application will not take place until further notice.

A spokesperson from Vida said: “This also means that we are unable to accept any new mortgage applications for the time being. Any pre-valuation cases will now be withdrawn.

“We apologise for any inconvenience this may cause but hope that our intermediaries and their clients understand the issues which we are currently facing in light of unprecedented events and we will keep them updated as the situation changes.”

Please click here to see our FAQs.