Advisers will now have access to expanded customer types and increased flexibility.

Nationwide will use Experian Work Report to verify applicants’ income, removing the need for manual income proofs.

However, the lender has reduced rates across its 10-year fixed rate products.

The acquisition has created the second largest provider of mortgages and savings in the UK.

Annual house price growth has rebounded in May to 1.3% - up from 0.6% in April