OnLadder appoints James Bishop as business consultant as it seeks authorisation from the Financial Conduct Authority (FCA) in preparation for it’s launch. The firm plans to unveil a more flexible form of deposit financing to help first-time buyers get on to the property ladder.
Hampshire Trust Bank relaunches bridging business led by Jamie Jolly, who joined from SoMo, where he was managing director.
West One Loans launch first-charge residential mortgage proposition open to first-time buyers, home movers and remortgage customers who have typically been unable to secure finance from mainstream lenders. Marie Grundy will run the new proposition, as managing director of residential mortgages and second charges.
Tandem Bank announces Cardiff expansion to support it’s green home improvement lending and wider first charge mortgage operations as well as a new motor finance division.
Beverley Building Society reinforces board with four new non-executive directors. Stephen Smith, Mark Robinson, Bob Andrews and Barry Meeks are joining to help the society’s strategic plan to drive its lending proposition to significantly higher levels.
Aldermore appoints Ross Dalzell as property division MD to drive the bank’s new strategy and develop products and services for self-employed, first-time buyers and those with less-than-perfect credit histories.
Anna Lewis promoted to commercial director at Castle Trust Bank having joined as director of proposition & strategy in February this year. Lewis has previously held roles at Hampshire Trust Bank, Purely Mortgages and Interbay Commercial.
Gatehouse Bank remains carbon neutral meeting all its certification standards in measuring, calculating, and offsetting organisational carbon emissions for 2021. The challenger bank set out future targets including reducing the emissions of its home finance portfolio by 35% by the year 2030, and capturing and improving the average EPC rating of its home finance portfolio.
Jon Sturgess joins StrideUp as head of intermediary sales following senior sales positions GE Money and Masthaven Bank.
Vida reveals redundancy risk as part of strategic review as the firm aims to beef up its “intermediary experience” and improve access to underwriters to compete more effectively with other specialist mortgage lenders.
Leeds BS appoints Ryatt and Kaur. Jenny Ryatt becomes director of mortgage services with previous employment at Cater Allen Private Bank, Santander and Leeds Permanent Building Society as well as MacMillan Cancer support. Parveen Kaur is the new chief customer officer, holding prior positions at Bank of America, RBS/Natwest and Lloyd’s of London.
Ross Liston exits Sesame Bankhall after 4 years, having been interim CEO since July. Current chairman John Cowan will step in as interim CEO until a permanent CEO is appointed.
Bluestone Mortgages hires Ryan Davies as strategy director to lead the development of new products and other lending opportunities. He joins from Hodge Bank, where he worked for just over seven years in a variety of roles.
Catalyst appoints Ciaran Courtney as intermediary relationship manager having had previous roles at NatWest, Bank of Ireland and Mortgage Intelligence.
LendInvest promotes duo as Sophie Mitchell- Charman becomes commercial director and Leanne Ardron head of bridging in its commercial team.
Atom Bank names Andrew Marshall as CFO replacing Atom co-founder David McCarthy whose departure was first reported back in September.
Danske Bank UK hires Martin Stewart as chairman from the start of next year. He takes over from current chair Gerald Gregory, who worked at the bank for around nine years. Stewart has worked at Danske Bank as a non-executive director since 2020 and is also a non-executive director at Coventry Building Society.
Rightmove names Johan Svanström as CEO taking over from Peter Brooks-Johnson, who will retire after the firm’s full-year results.
MT Finance completes sale of minority stake to an American investment company. In June, MT Finance agreed a forward flow agreement with J.P. Morgan to support the launch of its buy-to-let (BTL) mortgage offering.
Bevan Money gets one step closer to full banking authorisation having completed the pre-application stage of the BoE’s New Bank Start-up Unit. The firm aims to provide mortgages for public sector workers and accept retail deposits. It will distribute its mortgages exclusively through intermediaries.
Shawbrook loan book grows nearly a quarter to £9.8bn an increase of 23% year-on-year adding that it will focus on a “stable and consistent offering to our chosen markets inside a well-established risk appetite”.
Alexander Hall sees revenue jump by over a third in Q3 to £2.8m with a 27% rise in mortgage transaction volumes.Nottingham Building Society appoints Paul Howley as its first ever chief technology and transformation officer. Howley has held senior roles at RSA, Lloyds Banking Group and RBS.
Legal & General and Lloyds Banking Group lead £35 million investment in Moneyhub with an additional £5m debt facility provided by Shawbrook. The head investors will take minority stakes in the business and use Moneyhub's open data transactional technology to provide personalised services to customers.
Santander sees mortgage lending increase but raises provision for credit impairments. Net mortgage lending increased to £9.8bn in the nine months to September 30th but it has set aside £138m for potential credit impairments.
Lloyds Banking Group puts £668m aside for defaults as mortgage book grows by £1.8bn in the quarter. Post tax profits dropped by over 25% from £5.5bn to £4bn for the nine months to September.
Barclays posts 'strong Q3 performance' amid economic uncertainty revealing a slight increase in profit before tax from £1.9bn to £2bn compared to the last quarter, beating previous forecasts.
NatWest sees 12% growth in mortgage lending to £11bn in the quarter ending September. This is some £3bn more than it did in the same period last year. The bank achieved a pre-tax operating profit of£1.1bn, up from just under £1bn a year ago.
Hodge appoints Tim Thompson as CIO following previous roles at Cumberland Building Society and Hitachi Consumer Finance.
UK challenger Bank North collapses and intends to “sell its loan book” after failing to raise the funds needed for a full banking licence from the BoE.
