News in brief – 22 April 2022

360 Dotnet has announced the appointment of David Smith as the firm’s new strategic relationships director. Smith joins the fintech provider with over 35 years’ experience of the intermediary technology market, having previously held senior roles with Uinsure, iPipeline, Intelliflo, and Distribution Technology. He will be responsible for 360’s technology, lender and provider relationships, alongside the firm’s’s existing strategic user base which includes HLPartnership, Quilter & New Leaf.

UK private bank, Hampden & Co, has reported strong growth in loans and deposits for 2021. This growth was driven by the firm’s product suite, net client growth across the UK, and increased referrals from professional intermediaries. Hampden & Co announced that deposits from clients rose by 39% to £696m, up from £501m in 2020, while loans and advances climbed 29% to £422m, up from £326m in 2020. Total income for the year also increased by 29% to £13.2m, having increased from £10.2m in 2020, marking the highest level since the bank was launched in 2015.

Mansfield Building Society has announced it has added lending to limited companies and expats to its holiday let offering. As well as this expansion of its holiday let borrower types, The Mansfield is also increasing the maximum LTV from 70% to 75% for holiday lets and its maximum loan size to £1m for buy-to-lets. The new holiday let mortgages are available to both individual landlords and SPV limited companies and come with a two-year discounted rate at 3.59% variable, and five-year fixed rate at 4.09%.

Foundation Home Loans has announced the promotions of Keith Jones and Katie Quigley to senior regional account managers. Jones has worked in the mortgage and financial services industry for 25 years and joined the lender in December 2018. Quigley joined Foundation in January 2020, having also worked as a sales manager for Bank of Ireland and a key account manager for Virgin Money. The specialist lender confirmed that Jones will cover the Midlands area, with Quigley to cover South Wales and the West.

Alternative Bridging Corporation has expanded its sales operation with the appointment of a new internal business development manager (BDM). Sam Bailey has joined the specialist short-term property finance lender from Reim Capital and will cover the Midlands and North of England. Bailey has over five years’ experience in the financial services sector, starting out as a commercial real estate apprentice at Pepper Group (UK). He has since held roles at Relendex as a loan officer, and most recently at Reim Capital where he was lending analyst. Bailey will report to Alternative Bridging Corporation BDM, Paul Gavin.

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