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Yorkshire BS hires head of B2L to lead entry into sector

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.

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  • Richard 10th February 2011 at 6:38 pm

    Err, and what happened to MX under his stewardship as Head of Mortgage Products?

    Good news for marketplace and investors/landlords that a BTL new lender is ‘coming out to play’ of course!

  • Richard 10th February 2011 at 6:37 pm

    Err, and what happened to MX under his stewardship as Head of Mortgage Products?

    Good news for marketplace and investors/landlords that a BTL new lender is ‘coming out to play’ of course!

  • Geoff Laird 10th February 2011 at 4:31 pm

    I just dont believe it , with the history of Mortgage Express hung over his shoulders whilst he was in charge I question whether this person is fit for the purpose of guiding an ultra conservative lender like Yorkshire into a niche market like Buy to Let;if anyone was fit for this job it would have been Colin Snowdon.
    Life is funny how such individuals seem to attract attention of Head Hunters, he certainly wouldn’t have been on my target list.

  • Kevin Vella 10th February 2011 at 12:45 pm

    I hope that the broker channel will gain from this investment into the buy to let market.