A typical first-time buyer is currently paying a mortgage of £940 per month, compared with £590 per month five years ago.

Walker has previously held positions at Shawbrook Bank, OneSavings Bank, Legal & General and Lloyds Banking Group.

The new tool offers brokers a quick and efficient way to determine affordability.

The lender has announced widespread rate reductions across its standard, homebuying and retention ranges.

The lender has launched new products and increased its first-time landlord criteria.

Borrowing capacity has been improved by up to 35% in some cases.

The tool integrates with Nivo’s identity verification, e-signing, and Open Banking tools and connects with lender portals, CRMs, and decision engines. 

Kevin Thomson, Niall Hebron and Jane Benjamin move into new roles at the network.

Two-year fixed rates will benefit from the latest round of reductions.

Two-year fixed rate buy-to-let products have seen the largest reductions.