Yorkshire Building Society has appointed a head of buy-to-let to lead its entry into the sector this year.
Jeremy Law, former head of buy-to-let at Mortgage Express, is joining Yorkshire this week and will be responsible for looking after its existing buy-to-let business and reviewing its options for an entry into the buy-to-let mortgage market.
Earlier this week Mortgage Strategy first revealed that Yorkshire is planning to launch into the buy-to-let market later this year.
A spokeswoman for Yorkshire also reveals that its buy-to-let proposition will likely include intermediary lender Accord Mortgages.
She says: “Following our merger with Chelsea Building Society, we have an existing buy-to-let mortgage book.
“We are currently working on the possibility of pursuing new lending in this area of the market and we expect our buy-to-let operation is likely to include Yorkshire’s intermediary lending subsidiary, Accord Mortgages.”
Law joins from Bradford & Bingley where he was head of commercial relationship management and supervising a team of relationship managers looking after buy-to-let customers.
He joined Bradford & Bingley in 2007 as head of mortgage products and moved to his former role of head of commercial relationship management in 2009.
Law will be based between the Yorkshire’s head office in Bradford and its Chelsea Building Society offices in Cheltenham.
He says: “I’m delighted to join Yorkshire Building Society to review its entry into the buy-to-let market.
“The Society has an existing buy-to-let mortgage book following its merger with Chelsea Building Society and I’m looking forward to getting to grips with the expertise the Society already has in this area as well as building a new team to support the project.”
Law studied Business Commerce at University College Dublin and graduated in 1997.
He went on to join Barclays’s Fast Track Leadership Programme and held a number of roles within the bank, including head of sales and business development for electronic banking and head of student and graduate business.