The role change is effective immediately and will see Benggio take on additional responsibilities, with oversight of the bridging arm of the MT Finance group.
This is part of the lender’s strategy to enhance its bridging division and strengthen its position in the market.
Benggio has almost a decade of experience in the bridging finance sector, and he has worked at MT Finance for over four years. He previously worked at Masthaven for around four years, with his last position being underwriting manager for short-term lending.
Joshua Elash, founding director at MT Finance, said: “Raphael’s leadership has been instrumental in the growth and success of our bridging finance division. This promotion is a testament to his outstanding contributions to the business, and it reflects our commitment to not only investing in our team but also enhanced service delivery for our clients.
“We are confident in the continued expansion of our bridging loan division and anticipate further growth and innovation in this critical area of our business under Raphael’s leadership.”
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Benggio (pictured) added: “I am honoured to take on this new role and excited to build on the strong reputation of reliability and innovative service we have established at MT Finance.
“The bridging market presents significant opportunities, and I am committed to working with our talented regulated and unregulated teams to continue to grow and improve our bridging offering to deliver even greater value to our clients and partners.”
Last month, the firm dropped all buy-to-let (BTL) mortgage rates.
