The authorisation will soon allow Offa to become the third active provider of HPPs in the market.

Major regulators will also have their legal duties slimmed down.

The Bank is combining the sales leadership of its bridging and specialist mortgages divisions

Purchase, remortgage and professional products will see rate reductions.

The lender has guaranteed to process all completions submitted at least a week before the deadline.

Nationwide is also removing the requirement for these applicants to provide at least 25% of the total deposit from their own resources.

The FCA says Odey "deliberately sought to frustrate OAM’s disciplinary processes into his conduct to protect his own interests".

Jonathan Rubins, director and chief commercial officer at Alternative Bridging Corporation, explores new alternative finance options for clients who need fast and flexible funding.

The lender has introduced a new light touch refurbishment facility.

The bridging lender has announced new roles across credit, underwriting and operations.