London Scottish Mortgages has appointed a management team ahead of its planned relaunch at the Mortgage Business Expo in May.
LSM's team will be led by Kevin Cooke as head of secured lending, with Martin Coates assuming responsibility for sales and marketing activity. They replace the previous directors, Mike Rashman and Carl Montlake, who have left the company.
Cooke has a strong track record in the secured lending market, having held senior positions at The Halifax, AVCO and TransAmerica, while Coates is also director of marketing for LSM's parent London Scottish Bank.
LSM says the relaunch will outline its positioning as a nationwide sub-prime lender, rather than a packager, with a wide range of products covering residential and commercial customers and the whole range of properties. Full details of LSM's product range and strategy will be given at the Mortgage Business Expo at the GMEX, Manchester on May 19 and 20.
Cooke says: “The new management team intends to establish LSM as a leading specialist lender for those who find it difficult getting mortgages from the traditional high street banks and building societies.”