The lender has also increased maximum loans sizes on second charge and consumer buy-to-let.

Business lending by high street banks has seen a sixth consecutive quarterly rise.

The lender has also introduced new residential purchase exclusives.

The Society says the reduction reflects a change in market conditions and lending costs. 

The Society has also enhanced its criteria on expat applications.

The company says it wants to develop conveyancing talent across the UK.

Incorrect data in the bank's quarterly results sparked a 39% drop in its share price.

The latest figures reflect sustained market momentum and growing borrower confidence.

James previously spent more than a decade at Lloyds Banking Group.

The criteria search fintech aims to enhance lender and broker collaboration.