Allica can now lend against a broader range of assets.

The appointment coincides with the lender's expansion into the commercial and semi-commercial market.

When asked which area would provide the greatest benefit to their business right now, 38% also said easier access to finance.

The new managers will support housebuilders and developers across London and the South East.

Close Brothers plans to further diversify into PBSA and Build to Rent.

The new product is available for loans secured against residential and semi-commercial properties.

Loans are available for new-builds, conversions and refurbishments.

Paul brings over 30 years of asset finance sales experience.

YBS has increased the LTV and maximum loan size on semi-commercial products.

This is the lowest rate Allica has offered in three years.