Luxmore (pictured) was appointed head of lending at Ashman Finance on 1 June.
She joined Aldermore in 2012 as senior lending manager before being promoted in 2018. She has over 20 years’ experience in commercial real estate and residential letting, and previously worked for RBS, Bank of Scotland and Yorkshire Bank.
Ashman Finance claims to be an ethical and sustainable lender which offers products for “conscientious SMEs and conscious consumers”.
It will provide funding for residential and commercial properties and consumer deposit products when it launches in 2021.
In between now and its launch, the lender will be working on regulation, the implementation of its banking platform and staffing.
Luxmore said: “The opportunity to work with a brand new, yet innovative, lender is really exciting. Having seen firsthand the frustrations rife within the sector, Luxmore now has the enviable challenge alongside an immensely talented team to mould a proposition fit for the future of banking.
“It’s a proposition that works for the customer, the lender, and the broker, whilst also building on this to play a part in developing sustainability within the finance industry as a whole.”
A spokesperson for Aldermore said: “Caroline decided to leave Aldermore to accept a new opportunity and we are in the course of working through a process to replace Caroline’s role internally.”