Over its lifetime, the guarantee facility is expected to support over £300m of finance to help fund the creation of new homes.

Rates have reduced by up to 0.47%, with loans of between £1m and £4m qualifying for a further 0.25% reduction.

The maximum LTV has now increased to 75%.

Narula joins from Aldermore Bank.

James held previous roles at RBS and Barclays, before becoming chief operating officer at Secure Trust.

The expansion sees a new head of bridging at Precise and head of commercial lending at InterBay.

Chris has held previous roles at RBS, Williams & Glyn, and Secure Trust Bank.

Rates have reduced by up to 0.80%.

The specialist lender launched in 2022.

The maximum loan has increased to £150,000 as part of the changes.