The specialist lender has widened the scope of heavy refurbishment projects it can support.

44% of mortgage holders are finding it difficult to keep up with bills and credit commitments.

Twenty7tec has previously acquired mortgage affordability platform Broker Sense and digital engagement tool Meet Parker.

The funding will allow Blend to add new products to support property developers.

Loans now start from £150,000 across its commercial and semi-commercial products.

The number of repossessions remains lower than pre-pandemic figures.

Buyer demand is at its strongest since February 2022.

Borrower affordability has increased by up to 20%.

Rates have reduced by up to 0.60%.

The lender says the range will support those who are newly self-employed and may only have one year’s accounts.