Brokers have welcomed the latest move, which was taken by the society in a bid to reinforce its commitment to the intermediary community.

It revealed brokers would be able to take advantage of the offering from Tuesday 1 December.

It also said the rates would remain the same as its existing further advance products, which are available direct.

What’s more, the building society also announced it would pay its full new business procuration fee rates on further advances, with a minimum fee of £100.

Ian Andrew, director of intermediary relationships at Nationwide, said: “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.

“Brokers remain very important to us and that is why we have continued to expand our product offering throughout this year, including the introduction of interest only products exclusively to brokers.

“With all these positive additions, and as we look to further expand our offering in the future, they can be confident that Nationwide has a suitable option for whatever their client’s needs and will continue to strongly support the intermediary sector.”

In its attempt to support brokers the society has already expanded of its offering this year, launching interest-only products exclusively to intermediaries in April. It is also offering 90% LTV mortgages to first-time buyers across all channels.

‘Complex market’

David Hollingworth, associate director at L&C Mortgages, said: “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.”

Meanwhile, Andrew Montlake, MD of Coreco Mortgage Brokers, said: “It is great to see lenders listening to brokers’ feedback and acting to improve things.

“Nationwide has been one of the strong lenders throughout this period and has supported brokers and their clients well.

“This change will give brokers the ability to continue to look after their clients and deepen the relationship further, which is much needed in the current trying times”.