In his role, he will build on the mutual’s mortgage proposition. This year the firm has introduced cost-based lending for self-builds, soft credit searches at the Decision in Principle stage and product transfers through brokers.
Eastgate was most recently at Shawbrook Bank, where he worked for around three years. He joined as a managing director for its property finance division and oversaw its commercial and residential mortgage offerings.
Prior to that he worked at OSB, where he was sales and marketing director for nearly seven years.
Before that he worked at Saffron Building Society for around four years as sales and marketing director following Experian Decision Analytics for around five years in a number of roles, including head of banking with senior roles at Broad Vision and Barclays.
Sue Hayes, The Nottingham’s chief executive, said that she was delighted to welcome Eastgate to the society and the creation of the new role “reflects the strategic importance of our plans in the mortgage space as we seek to deliver the best experience to our brokers, customers and colleagues alike”.
She added: “John will build on the excellent work already underway by teams across The Nottingham to keep evolving our lending strategy to support our broker network and ensure we can help as many people as possible fulfil their property-buying goals. With his stellar experience and focus on purpose, I know he will be a fantastic addition to the team.”
Eastgate said that he was proud to have joined The Nottingham at an important time in its history and to be part of a team that is “passionate about driving the building society forward”.
He continued: “I am hugely attracted by the opportunity to help the society grow. Mutuals have a clear purpose – to benefit their members and community. Delivering on this purpose is my primary responsibility and I believe we have a great opportunity to do so through the growth of our mortgage offering.
“I look forward to working with my new colleagues to build upon the strong foundations laid by those before me.”