Related topic: Specialist Lending

Jolly joins from Secure Trust Bank, where he was director of bridging.

Vida is also strengthening its income criteria by increasing the proportion of Universal Credit that can be considered for affordability from 50% to 75%.

The specialist lender has expanded the responsibilities of three intermediary team members.

Commercial Trust advisers can potentially receive an underwriter-assessed offer in principle within just a few hours.

Khan joins from LendInvest, where he was BDM for the North West and North Wales.

The new product allows clients to move between a development finance facility to a term loan with zero exit fees.

Nick will develop partnerships with brokers, as well as expand broker networks and support brokers with training.

The change aims to help property developers make the most of new opportunities created by the government's Your First Home initiative.

The bank has priced its near prime core, re-bridging and light and medium ranges at just 0.20% pm above its standard pricing.

The specialist lender says the region has "been historically underserved by specialist mortgages".