The higher threshold means a greater number of SME loan applications will benefit from faster lending decisions.

The extension follows the launch of 80% LTV products for purchase and remortgage in April.

The limited edition five-year fixed rate is available at 4.29%.

Sweetman has held previous roles at Santander and Countrywide over a 20-year career.

The lender has also reduced existing rates and removed application fees on selected mortgages.

Paragon has utilised broker feedback to further improve functionality during the pilot phase.

Product switch rates have reduced by up to 0.46%.

The broker sales team is now comprised of three regional teams.

Rates now start from 3.34% the Bank's lowest in almost three years.

The bespoke platform has been developed collaboratively with brokers.