The latest change follows similar maximum LTV increases in the industrial and retail sectors.

The asset-based lender has a new capacity of £145m. 

April says its longer-term fixed rate mortgage offering makes the enhanced LTI possible.

The network has promoted team members across sales, operations and relationship management.

Sturla has held senior positions across lending and risk at businesses such as Lloyds Bank and Coutts.

The team supports SME developers with tailored funding solutions across the UK.

Double digit new customer growth sparks a 32% year-on-year increase in total lending.

The total size of underpaid pensions has now passed the £900m mark.

Nationwide has reduced rates by up to 0.29% for existing customers switching to a new deal or new customers remortgaging.

The rate cuts impact full range of two, three and five year fixed rates.