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Specialist buy-to-let lender Fleet prepares for November launch

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  • 29/09/2014
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Specialist buy-to-let lender Fleet prepares for November launch
Fleet Mortgages, the yet-to-launch buy-to-let and specialist lender, has appointed several senior managers in the lead up to what is expected to be a limited distribution soft-launch in mid-November.

The lender, established this year in Fleet, Hampshire will be headed up by ex-managing director of CHL Mortgages Bob Young, which is expected to launch with a limited distribution of six key distributors.

Fleet Mortgages is believed to be in partnership with one of the world’s largest asset managers BlackRock and will initially focus on the buy-to-let market offering mortgages to professional landlords, as well as limited companies and those seeking finance for Houses in Multiple Occupation (HMOs).

Young’s appointees include several ex-CHL management and staff including Mike Lane as Chief Information Officer, Keith Murrell as chief operating officer, Sunny Lo chief financial officer, Jannie Vermeulen as chief credit and risk officer as well as Ross Turrell as sales director.

Philip Tebbatt, formerly of Slater Rhodes, has also joined the business as chief legal officer.

Fleet Mortgages is currently recruiting across a number of positions and has already filled a some roles within the business including Diane Mitchell as head of Credit, Stefan Terblanche as head of IT, and Kim Beaven head of HR.

Fleet Mortgages is based in Fleet, Hampshire and will lend exclusively through the intermediary sector initially offering buy-to-let mortgages for residential landlords as well as limited companies and those seeking finance for Houses in Multiple Occupation (HMOs).

Bob Young, chief executive officer of Fleet Mortgages, (pictured) said: “In all the businesses I have been involved in our focus has always been on the quality of staff – we know that Fleet Mortgages will only ever be as good as the people working here which is why we have secured the best in the business, and will only appoint those who think like ‘us’ and will make the same decisions ‘we’ would make.

“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.

“Our aim is to build a successful, sustainable business and become the natural first port of call for any broker looking for a specialist lender to meet the complexities of their clients. All the staff at Fleet Mortgages are absolutely committed to making this business a success and we will be outlining how we will achieve this over the coming weeks. This is the start of an exciting venture and with the quality of staff we have, and the partnerships we already have in place, we are absolutely certain we can carve out a major position for ourselves in the UK lending market.”

 

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