2024 has already seen 24% of semi-commercial applications for new purchases compared to just 13% in 2023.

Large commercial mortgage rates have seen reductions of up to 0.25%.

The lender has also reduced rates across its core bridging product range.

Nearly half of all SMEs who received funding recently said it did not meet their specific needs.

Georgina has held previous roles at RBS and NatWest.

Demand for business funding doubled in Q1.

Over half of SME decision makers have cited the potential change of government and political uncertainty as key concerns.

SMEs’ most requested loan amount at the beginning of 2024 was over £100,000, 56% higher than Q1 last year.

Jessica has prior experience in invoice finance.

The Bank has introduced a new maximum LTV of 75% on mortgages up to £5m.