Mortgage brokers will be able to access Nationwide’s further advance product from 1 December.

Available at up to 85 per cent LTV, the product rates will be the same as those of the lender’s further advance products currently available directly.

Additionally, it will pay full procuration fees with a minimum set at £100.

Earlier this month, Nationwide expanded its interest-only offering to include purchase deals at up to 60 per cent LTV.

It also cut 0.20 per cent off a series of remortgage deals yesterday.

On the subject of opening further advances to brokers, Nationwide director of intermediary relationships Ian Andrew says: “We know that having access to our further advance products is important to brokers given their continuing popularity with clients.

“We’ve listened to that feedback and have been working hard over the last few months to make the necessary changes and are delighted that we can now launch this proposition to brokers.

And L&C Mortgages associate director David Hollingworth adds: “Brokers need as many tools in their kitbag as possible to be able to provide the most tailored solutions for their customers in an increasingly complex market.

“Lenders can’t afford to stand still in a fast-paced market and Nationwide’s continued expansion of product options is very welcome, demonstrating the importance it places on working with its intermediary partners to deliver the best results for customers.”