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The Bank originally launched the initiative across its residential investment mortgage range in July.

A second round of mortgage rate increases has been made by major banks for the second time since the start of September.

The new product gives brokers access to funding designed specifically for mixed-use property.

He will replace James Briffitt, who is retiring after nearly 20 years of service at Nationwide.

The changes strengthen the lender’s proposition for brokers and clients seeking funding for acquisitions, refurbishment projects and other time-sensitive property plans.

The data points to a weaker Q4 as buyer demand remains subdued and rising swap rates put renewed pressure on mortgage affordability.

The product is specifically designed to support small projects, with loans between £250,000 and £3 million.

Women aged 55-59 have approximately half (54%) the pension wealth of men of the same age.

James will support more property investors and developers in accessing bespoke funding solutions across the North of England.

The launch extends Alternative Bridging’s specialist property-finance proposition into longer-term commercial funding.