Mortgages Plc founder Trevor Pothecary is to head up a new player in Uk specialist mortgages, The Mortgage Lender (TML).
Based in Glasgow, the new lender will be an intermediary-only proposition.
Details of the product range, pricing and distribution partners are set to be revealed shortly with a launch planned within weeks.
Pothecary (pictured), chief executive of TML, said: “I can confirm that I am currently working on an exciting project with an experienced team, and we expect to launch a new entrant to the uk mortgage market imminently.
“There are of course numerous components in such a venture, but we are well advanced in all areas including people, processes, technology, product design, funding, and obtaining the required regulatory approval.”
In addition to Pothecary, the board of tml will also include David Newman (chief financial officer), Hugh Meechan (chief operating officer), Pete Thomson (sales & marketing director) and Alex Cameron (chief administrative officer & general counsel).
Other key personnel already in place include Alisa Smith (head of credit scoring), Claire Duncan (head of projects), David Hood (head of technology), Derek Brown (it operations manager), Scott Callaghan (head of operational finance & business risk), Stephen Crawford (head of new business), Susan Mccallum (head of compliance), and Tom Tredwell (head of business intelligence).