New intermediary-only lender expands senior team

Prior to this, Cook held  senior mortgage positions at ING, Lehman Brothers and Kensington Mortgages.

He joins David Tweedy, Guy Batchelor, Will Howard Davies, Lesley Sewell and Ian Giles and the rest of the team at Belmont Green in a bid to create a new challenger brand which will distribute its products exclusively via intermediaries.

David Tweedy is the former Managing Director of Platform Home Loans and Guy Batchelor joined from Countrywide where he was Managing Director of Corporate Business.

Guy Batchelor, Sales & Marketing Director at Belmont Green, said:

“We’re really pleased that Mike is on board. His knowledge of developing and managing mortgage products and experience of under-served sections of the market make him a great addition to the team.”

The company is based in Egham, Surrey, and is currently recruiting a team of experienced mortgage professionals to build a new wholesale-funded lending business which will work closely with intermediary partners to target under-served sections of the UK mortgage market.

Belmont Green’s lead investor is Pine Brook, an investment firm that manages more than $6.0 billion of capital commitments and specialises in “business building” and other equity investments, primarily in financial services and energy businesses.