Colin Snowdon leaves Aldermore

Colin Snowdon, chief executive of Aldermore’s residential mortgage lending, has left the lender.

Snowdon, who joined in December 2009 has left by mutual consent.

Aldermore has announced today that it is restructuring its mortgage business.

It has appointed Charles Haresnape, former group mortgage service director at Connells Group as managing director of residential mortgages at Aldermore.

The mortgage division will be headed by Mark Stephens, deputy CEO at Aldermore.

Phillip Monks, chief executive of Aldermore, says: “Charles brings with him really valuable experience gained from both sides of the mortgage industry – from leading an intermediaries business and from heading up a major lender’s mortgage business.

“I think that is going to help Aldermore keep a very sharp focus on its customers.  

“I am sure that he will be a major asset as our new Mortgages Division goes from strength to strength. We have got off to a great start in growing our mortgage business from scratch and we looking forward to Charles and Mark building from that very solid base.”

Aldermore’s commercial and residential mortgage business units will both report to deputy CEO Stephens, who will now also become group managing director of Aldermore’s new mortgages division.

Aldermore says the new structure will help to increase collaborative work between the two teams covering the mortgage markets.

It says many of the intermediaries that the bank deals with cover both commercial and residential mortgages and that there are notable improvements in service levels that can be delivered by having both mortgage teams work more closely together.

Monks adds: “We are very customer and service focused bank and Mark’s stewardship is going to help drive further improvements in that area. There are areas of the mortgage world, particularly the buy-to-let market, where having commercial and residential mortgages as separate teams is not the best approach.”