You are here: Home - News -

Bluestone eyes banking licence as Torpey steps down as MD

  • 31/07/2018
  • 0
Bluestone eyes banking licence as Torpey steps down as MD
Specialist lender Bluestone Mortgages has confirmed that David Torpey will stand down from his role as managing director at the end of the year as the lender considers applying for a banking licence.


Torpey (pictured) will be involved in appointing his successor over the coming months. A spokesperson told Mortgage Solutions that Torpey did not yet have a new position planned.

A statement from the lender said: “With specialist lenders increasingly looking at a full banking licence as part of their future strategy, it is expected that the newly appointed managing director will give this strategy further consideration.”

Peter McGuinness, CEO of Bluestone Group, said: “David has brought a huge amount of value to Bluestone, and we would like to thank him for the significant progress the company has made under his leadership.

“By recruiting a very strong executive team and broadening our funding, distribution and marketing relationships, David has laid the foundations for our next stage of growth here in the UK.”

Torpey added: “It has been an absolute pleasure to work at Bluestone and I’m proud to have been involved in its journey to becoming a well-established specialist lender in the UK.

“I’m excited to see what the future holds for the business and am confident that the team will grow from strength to strength and wish Bluestone every success for the future.”

There are 0 Comment(s)

Comments are closed.

You may also be interested in


Keep up-to-date with all the breaking bridging and short-term lending news and analysis, from regulatory changes to product innovation and inside market knowledge. Take a look at our broker and lender case studies showing short-term finance in practice.


Find all the news, opinion and analysis for property finance brokers specialising in commercial and semi-commercial mortgages, alternative and development finance for commercial investments in residential projects.

Second charge

Stay up-to-date with the latest news, analysis and opinion on the secured loan market as it evolves into a mainstream finance option following European regulation on 21 March 2016.

Complex buy-to-let

Whether it’s a complicated asset or a complex customer, you’ll find out all the breaking buy-to-let news in this section. From limited companies to portfolio landlords, student lets to a House in Multiple Occupation, we’ve got all bases covered with our up-to-the-minute news, analysis and opinion.

Mortgage Solutions

Find all the breaking news, analysis and industry comment on Specialist Lending Solutions' sister site, Mortgage Solutions
Read previous post:
Reducing red tape could regenerate SME house building – UTB

Reducing red tape, tackling land banking and changing small sites classification might reinvigorate SME house building sector, say brokers.