Related topic: Commercial

The lender is reducing rates by 0.15% on its fast-track buy-to-let range, up to 0.20% on its specialist range for large MUFBs, and 0.15% across its commercial products.

The addition of mixed-use properties allows intermediaries to "capitalise on this rapidly expanding market", LendInvest says.

Oliver most recently served as area sales director at Lloyds Banking Group.

Of those noting an increase in demand, more product options (58%) and improved appetite from lenders (32%) were identified as the main causes. 

The specialist property lender was recently acquired by alternative investment manager, Balbec Capital. 

Chris brings more than 20 years of banking experience across retail and commercial finance, including 19 years at Yorkshire Bank and Yorkshire Building Society.

The Funding 365 management team will remain with the business and continue to lead day-to-day operations.

The pair will join Lloyd Whiting within Assetz’s existing new business team.

A 0.40% reduction will now apply to loans of £1m-£3m.

Neil Rudge, chief banking officer at Shawbrook, says brokers are in a critical position to bridge the gap between ambition and execution, helping mid-sized businesses access the...