Stockton was previously managing director of HBOS Intermediaries, but he now has control of all intermediary mortgage brands at Lloyds Banking Group.
Fahim Antoniades, partner at Quantum Mortgage Brokers, says: “It’s good that someone with his experience is in this position as he understands the broker market.”
Stockton joined HBOS’ corporate partnerships division in 2003 and moved to Halifax Intermediaries a year later, then becoming managing director of Birmingham Midshires. His role was expanded to include now defunct brand The Mortgage Business as well as Halifax, Bank of Scotland and Intelligent Finance.
Stockton says: “I’m looking forward to providing continuity for the intermediary community.”