Shawbrook MD Jeremy Law to leave as lender merges seconds and commercial finance

Law (pictured) will be replaced by John Eastgate who has been appointed as managing director of its newly created property finance division, bringing together the lender’s second charge and commercial mortgage businesses.

Specialist Lending Solutions exclusively revealed Eastgate’s departure from One Savings Bank for Shawbrook in January.

Ian Cowie, Shawbrook CEO, said that the second charge offering has a long history with Shawbrook and its team is pleased to give it renewed focus within a simplified structure.

He added: “Jeremy has been instrumental in helping us reshape this key element of our overall mortgage proposition, I would like to thank him for his contribution to Shawbrook and wish him well in his next challenge.”

John Eastgate said there were many areas where the commercial and residential businesses crossed-over in terms of people, process and technology.

He noted that focusing on creating a more connected picture would be one of his first tasks.

Eastgate added: “I look forward to enhancing the reputation of two businesses that already have a strong standing within the industry, and am confident that we have the people to deliver this to the intermediary, property investor and SME market.”