CHL Mortgages has appointed Matt Kimber managing director for its lending business who joined five years ago and rose to chief operating officer. Kimber will be joined by ex-KYSEYE employee Ross Turrell as commercial director, who will head up the sales and distribution channels.
The lenders funding lines and distribution plans are undisclosed as yet.
Matt Kimber, managing director, CHL Mortgages for Intermediaries said: “The expertise we have built in servicing more than £6.5bn of legacy assets, the onboarding of experienced sales and lending teams and significant investment in our technology platform provides us with a very strong base on which to build our new lending proposition.”
He added that the growth of the specialist buy-to-let sector in recent years gives us tremendous confidence regarding the market opportunities available for lenders, brokers and landlords.
CHL Mortgages was one of the largest specialist buy-to-let lenders but subsequently pulled back from new lending in 2008 and established itself as a servicing company, managing its own and third-party loan books.
Ross Turrell, commercial director, CHL Mortgages for Intermediaries, said: “It’s a really exciting opportunity to relaunch a lender with the reputation of CHL Mortgages. The company is focused on building a strong proposition with competitive pricing, broad criteria and modern digital infrastructure to create a positive intermediary experience.”
He said the business has ambitious growth plans and is building its team out which includes Daniel Watson, previously with Precise, Fleet and originally CHL. He was appointed in January this year.
Turrell said: “I think 2021 will be an interesting year for the buy-to-let sector and we look forward to working closely with our intermediary and distribution partners to establish the CHL brand to meet the needs of landlords and property investors.”