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He will replace Vic Jannels, who is stepping down at the end of the year after six years in the role.

Gross lending rose by 4.9% to £209m in Q3, with investment property purchases fuelling demand.

Monthly GDP growth has fallen by 0.1%, with quarterly growth of just 0.1%.

The Society has also launched exclusive buy-to-let products to support existing customers coming up to maturity.

The sheer volume of loans maturing has tilted the market towards refinancing, however the purchase market remains strong, Stonebridge says.

Affordability challenges persist as search volumes stay high, the latest Knowledge Bank data shows.

Trussell has seen a 51% increase in emergency food parcels over the past five years.

45% of lenders cite regulatory constraints as the biggest barrier to specialist buy-to-let innovation.

The lender has launched a capital expenditure and business acquisition loan.

The Bank says it has 'reignited' its residential proposition.