Solihull-based lender Secure Trust Bank is preparing to launch into the mortgage market in the second half of the year.
It plans to enter the residential mortgage market first with intentions to expand into the buy-to-let market at a later date, Mortgage Solutions understands.
Ian Henderson, ex-Kensington CEO is working with the team which is currently assessing the viability of a launch into both markets.
Mark Snape quit as managing director of mortgages in October last year to work for conveyancing firm Myhomemove as corporate sales director.
Secure Trust Bank currently offers savings, current accounts and personal loans.
The bank declined to comment.
Samantha Partington is a freelance trade and consumer journalist writing about property and personal finance. Previously she worked worked for the Daily Mail and Property Week. She is the former deputy editor of Mortgage Solutions and editor of Specialist Lending Solutions.
Before becoming a journalist, Samantha worked as a mortgage broker and latterly for a mortgage, bridging and secured loan lender. Samantha is CeMAP qualified. Follow her on Twitter @SamJPartington1.