Rebekah Commane

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The Mansfield latest lender to offer RIO products

Mansfield Building Society has become the latest lender to enter the retirement interest-only market. The lender has introduced two RIO products that allow borrowers to take subsequent additional draw-downs of up to 40 per cent. In March, the Financial Conduct Authority reclassified retirement interest-only mortgages as standard mortgages, rather than lifetime mortgages or equity release […]

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Bluestone expands sales team with new hires

Specialist lender Bluestone Mortgages has made several new appointments to its sales team following internal promotions. Jason James will join as national account manager from Kensington Mortgages and will be responsible for strengthening relationships with Bluestone distribution partners. Virgin Money key account manager for the north Graham Wallace will take on the same role at […]

Rob Barnard leaves Pepper for Masthaven Bank

Former Pepper Money sales director Rob Barnard has joined the long-term lending side of Masthaven Bank in the same role. Barnard is a well-known face in the industry, having worked with Pepper Money for two and a half years and six and half as head of business development at Aldermore. He will oversee Masthaven’s first and […]

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Karen Bennett to leave Shawbrook

Shawbrook managing director, commercial property Karen Bennett is to leave the specialist lender. Bennett has worked in the mortgage industry for close to two decades and will step away from Shawbrook to ‘pursue other opportunities.’ Shawbrook interim chief executive Ian Cowie says: “Karen has been instrumental to the growth of our strong and profitable commercial mortgages […]

Magellan

Magellan creates new team of RAMs

Specialist lender Magellan Homeloans has created a new team of regional account managers. The lender says the RAMs will provide a single point of contact for intermediaries as well as having the knowledge and flexibility to discuss applications on a one-to-one basis. Each RAM will partner and work closely with a designated regional sales manager […]

Keystone Property Group

Exclusive interview: Major changes afoot at Keystone

After 31 years as a broker, David Whittaker is ready to ‘put up or shut up’ as he takes the helm of buy-to-let lender Keystone Property Finance.  David Whittaker, one of the buy-to-let industry’s best-know figures has stepped away from Mortgages for Business — the brokerage with which he has long been associated — to oversee the regeneration […]

Keystone ends contract with Paratus AMC

Keystone Property Finance has ended its funding contract with Foundation Home Loans owner Paratus AMC.    The Keystone contract began in 2015 with close to £200m in loans originated in three years.    Mortgages for Business (owner of Keystone) managing director Steve Olejnik says: “Having completed nearly £200m with our previous funding partner, Aldermore Bank, it […]

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The Tipton appoints BDM to London and South East

Tipton and Coseley Building Society has appointed Paul Sawford as business development manager for London and the South East of England. Sawford joins from conveyancing firm My Home Move where he spent five years as a regional development manager. The society says the appointment reflects its strategy of “building its presence and delivering value to brokers […]