Relendex adds BDMs and underwriter

The peer-to-peer lender also confirmed that Peter Thomson, who passed away earlier this month, had been appointed as a BDM for it in the Midlands.

“Unfortunately, Peter passed away shortly after taking the position and we send our deepest condolences to his family,” the lender said.

New hires

Rick Davey and Danny McMurdo will fill the BDM positions covering the North West and South West respectively.

Davey joins following more than two years at Together Money and also had almost a decade of experience at Santander.

The lender said he has a strong history of working in the financial services industry across a number of sectors including mortgages, commercial, residential and bridging, and will be responsible for growing business in the Greater Manchester area and beyond.

McMurdo joins from fellow peer-to-peer firm Folk 2 Folk. Prior to this he worked with several building societies and knowledge of the South West and Bristol areas.

Underwriting expansion

George Petrou takes the position of underwriting manager with experience of bridging finance.

The lender said his role would allow business developers to give potential borrowers the speedy preliminary decisions they need.

Relendex CEO Michael Lynn (pictured) said the new BDMs would enable it to source loans across the country.

“Over the last six months, Relendex has put in place the structure that will allow the company to grow exponentially,” he said.

“We are now positioning ourselves to meet our ambitious loan target of £100m in 2019.”

Lynn added that he wanted to “continue to build a team of highly experienced property and financial service professionals who thoroughly understand the UK property market.”