Chilton has relinquished his role as chief executive of brokerage Purely Mortgages and James Mayne, previously compliance director at Purely, has taken the reins.
Richard Griffiths, chief executive of Network Data Holdings, says: “We are delighted that someone of Chilton’s calibre has decided to join us.
“He has excelled in the broker community and his broader experience can only help drive Homeowners to success.”
Homeowners will distribute via the broker market and is tipped to start lending in May.
Chilton says: “I worked in the lending sector in the 1980s and feel that the market has turned full circle, so I thought it was the right time to get back into it.”