View more on these topics

New lender Fleet Mortgages reveals senior management team

Fleet Mortgages, a new buy-to-let lender set to launch in November, has announced its senior management team, which is to be led by former CHL Mortgages managing director Bob Young.

Young, who will become the new lender’s chief executive, is bringing a core group of ex-CHL management and staff to the new company. In July, Mortgage Strategy revealed Young and four senior managers had stepped down from their roles. 

Mike Lane will serve as chief information officer, Keith Murrell has been appointed chief operation officer, Sunny Lo as chief financial officer and Jannie Vermeulen will serve as chief credit and risk officer, while Ross Turrell will oversee the sales division. At CHL, Lane served as It and administration director, while Murrell, Lo and Vermeulen served as head of operations, finance director and head of credit risk respectively.

Philip Tebbatt has been appointed chief legal officer, having previously worked for financial services legal firm Slater Rhodes.

The company has also made departmental appointments including Diane Mitchell as head of credit, Stefan Terblanche as head of IT and Kim Beaven who will head up the human resources division.

Young says: “It is very pleasing to be able to announce the senior management team at Fleet Mortgages as we put in place a collection of experienced mortgage and financial services professionals to launch and run this new lending venture.

“The experience and quality within this team is second to none and it means we are able to launch as a lender in double-quick time and hit the ground running with our ambitious growth plans.”

Recommended

David-Copland-CUTOUT-700.jpg

Mortgage club TMA launches profit share scheme

Mortgage club TMA has launched a profit share scheme to reward brokers for loyalty. It is offering brokers a proportion of its share of the mortgage proc fee based on the number of protection cases put through TMA’s panel each month. The scheme is open to brokers who submit up to 50 mortgages a month […]

Andrew Doyle cropped for comment

Capita appoints Ward as non-executive chairman

Capita Mortgage Services has appointed Home Funding chief executive Tony Ward to the role of non-executive chairman. Ward joined the board of Capita Mortgage Services, formerly known as Crown Mortgage Management, on 11 September. He previously served as chief executive at both Britannic Money and Mortgage Trust between 1990 and 2003, while prior to that […]

mole

The Mortgage Mole: Lasting Impression

Lasting Impression Mortgage Strategy editor Paul Thomas has spent the past five years chasing down stories for the mortgage industry but Mole hears he has been making an altogether different type of splash of late. Having recently enjoyed a sojourn in Portugal with friends, Thomas – or PT, as friends, colleagues and apparently the Portuguese […]

Cleary-Alan-Wall-700x450.jpg

Full regulation of buy-to-let on the horizon, say experts

The market should prepare for full regulation of the buy-to-let market, according to industry experts. Speaking at the Financial Services Expo last week about the Government’s shock move to regulate “accidental landlords” to comply with the EU mortgage credit directive, commentators suggested full regulation is on the horizon. Precise Mortgages managing director Alan Cleary says: […]

Thumbnail

Case study: administration — managing group life schemes

Our client leads the global market in high-tech electronics manufacturing and digital media. The trustees of the company’s final salary pension scheme insure death-in-service lump sum and dependants’ pension death benefits for active employees, as well as dependants’ pension benefits for deferred members (those who have left service).

Newsletter

News and expert analysis straight to your inbox

Sign up