The move marks a return to the lender for Isherwood, who was a BDM at the firm between 2023 and 2024, before joining Hampshire Trust Bank (HTB) last year as a BDM.

Prior to working at Molo, Isherwood worked at Pepper Money for around two years, initially as a business development consultant and then as a BDM.

Before that, he was at Zephyr Homeloans for almost four years, joining as a case manager in 2017 before becoming a telephone BDM in 2021.

Molo said that Isherwood was known for his “strong communication skills” and had “successfully built lasting relationships across the North of England, which he will continue to nurture in his new role at Molo”.

Martin Sims, distribution director at Molo Finance, said: “We are pleased to welcome Lee back to the team. His deep understanding of complex buy to let and his ability to forge strong relationships make him a valuable asset to our team.

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“We are confident that he will help drive our continued growth and provide even greater support to our intermediary partners from day one.”

Isherwood added: “I am genuinely delighted to be returning to Molo at such a pivotal time in the company’s growth. Having built strong relationships with the team and intermediaries across the North of England, coming back was an easy decision.

“The ambitious plans make it an exciting place to be and I look forward to playing a key role in driving the business forward and contributing to ongoing success.”

Molo has been growing its team, recently appointing John Smith as a senior BDM.

ColCap Financial bought the remaining 20% stake in the firm in August, having purchased an 80% stake in the firm in 2023. This built on a strategic partnership established between the companies in 2022, allowing Molo to re-enter the BTL market.