The new West One Loans division will be led by Marie Grundy (pictured), who takes on the role of managing director of mortgages.
The firm said the change is the “next stage” of its evolution and is aimed at preparing the business for a further period of growth after the 2022 launch and growth of its residential proposition.
Grundy has been with West One Loans since 2017 and has been overseeing delivery, growth and second charge and residential propositions, with BTL now under her remit.
Phil Tyson will become the head of mortgage operations, in which he will manage the underwriting operations for the division.
Paul Huxter, West One Loans’ head of intermediary sales and distribution, and his sales team will lead the sales of BTL in addition to residential mortgages and will also focus on club and network partners.
The changing role of the Bank of Mum and Dad
Sponsored by Aldermore
The lender said packaging partners will benefit from dedicated support for BTL mortgages from the specialist distribution team, led by Pauline Rylands.
West One Loans will also “offer dedicated sales support for our short-term lending division”, incorporating bridging and development finance under the leadership of Guy Murray and Tom Cantor.
Grundy said: “This is very much a natural progression for our business. The consolidation of the products under the new mortgage division will mean a more joined-up approach to distribution, and ultimately better service for brokers.
“With all the mortgage products now under one roof, I look forward to working with our broker partners to develop deeper connections and provide seamless access to the full range of products we can offer.”
Danny Waters, CEO of West One Loans’ parent company Enra Specialist Finance, said: “At West One Loans, we are focused constantly on delivering fantastic service and optionality to our broker partners.
“By consolidating our mortgage products into one division, we put ourselves in the best possible position to be easy to deal with and to provide a joined-up, efficient service. Marie has been with us for eight years, and in that time has been a tremendous ambassador for the firm and has delivered continued success. I can think of no one better qualified to spearhead this next phase of our growth.”
