The two main changes the company has announced are an expansion of its lending area to all across England and Southern Wales as well as a rise in the minimum loan size from £75k to £100K on all property types.

The lender previously restricted its lending to 23 counties, with a predominantly Southern focus.

Andrew Ferguson, Axis’ head of buy-to-let said: “While the restricted lending area served us well in our initial growth phase, at times it was a frustrating restriction for our broker partners.

“It is good to remove this barrier to business, as a direct result of their feedback. We have already seen some quality applications from within our revised area and inquiry levels continue to grow.”

The bank, whose current partners include 3mc, Atom, Complete FS and The Buy to Let Club, have confirmed that it is in discussions with additional partners to support future growth plans.

Sponsored

Are your clients ready for the first Making Tax Digital reporting deadline?

Sponsored by BM Solutions

All this comes after it was announced that buy-to-let and finance broker Commercial Trust added Axis bank to its panel of lenders for clients in London and the South East in July this year.