Mortgage News
Ex-Barclays Finlay preparing to launch New Street Mortgages
The ex-MD of intermediary channel at Barclays, David Finlay is part of the Acenden team readying to launch specialist lender, New Street Mortgages.
The lender, which will set out both its brand and product proposition under Kensington Mortgages, is understood to be preparing to launch toward year-end or in early 2016.
Finlay’s role with the lender, originally expected to be MD, is still unconfirmed.
Adrian Whittaker is set to leave his corporate sales director role at myhomemove on 30 September, announced this morning, and is believed to be joining the new lender in a sales capacity.
The Kensington brand is understood to be keen to expand its potential market footprint under this new brand, as its regulated entity.
Kensington is a specialist residential and buy-to-let lender, with specialisms in complex income, self-employed and adverse credit loans.
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Both Kensington and Finlay (pictured) declined to comment.
Kensington buyers, investment funds Blackstone Tactical Opportunities and TPG Special Situations also bought Acenden Mortgage Servicing Solutions from Lehman Brothers’ administrators in January 2015.