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

The lender is celebrating 10 years of business loans.

Russell joins from Santander, where he was senior director of real estate.

The rate cuts see a noticeable decrease in Recovery Loan Scheme (RLS) pricing.

The new team members have a combined 57 years’ experience of the financial services sector.

One is available for expat borrowers and one for standard use, with rates now starting from 6.89%.

The Bank has several live facilities with small and medium sized independent asset finance companies.

The company is also transitioning to using open market values (OMV) for residential bridging loans.

Dan will cover the North Manchester region.

The ASTL now has 44 associate members and 44 lender members.