Loans Warehouse has appointed Lee Carling as the company’s head of bridging as it plans to move into the regulated short-term lending space.
Carling joins from West One Loans, where for three years he held the post of head of servicing. He was also one of the original team at specialist lender Dragonfly, which last year rebranded as Octopus.
The broker currently only arranges unregulated bridging loans, but says it plans to gain authorisation in the next 12 months.
Loans Warehouse co-founder and director Matt Tristram says the appointment reflects the strong growth in bridging loans across the market.
Tristram says Loans Warehouse has built a bridging proposition to work alongside its second charge mortgage team. This appointment, he says, will further develop the company’s capabilities in this sector.
Carling says that since joining Loans Warehouse, the company has added Octane Capital and Tuscan Capital to their specialist panel.