The two new appointments come as Together moves to combine its roving underwriter teams, for commercial and personal finance, into one.

Commercial fixed rates now start from 5.75%.

Rates are reducing by up to 0.55%.

The invoice finance provider has created the role of relationship manager support executive.

Tom will help package invoice finance solutions for the lender's SME clients across the UK.

Regulated and unregulated long and short-term products will benefit from the reductions.

The Bank has also further enhanced its Recovery Loan Scheme offering.

The ranges feature reduced rates and new products.

The specialist distributor has partnered with Iwoca and Fleximize to provide unsecured business finance.

Niki has 30 years' experience in the banking industry with previous roles at Barclays and Santander.