Aldermore has appointed Caroline Luxmore as head of commercial mortgages.

The position is newly created and is part of the bank’s business finance division.

She has been at Aldermore since 2012 and previously held the role of senior lending manager in the commercial mortgages team.

Luxmore over 20 years’ commercial real estate and residential letting experience to the role, having also worked at RBS, Bank of Scotland and Yorkshire Bank and will lead the commercial lending activity across intermediate and direct distribution channels.

She will be based in Aldermore’s Birmingham office and will report into Carl D’Ammassa, group managing director of business finance.

D’Ammassa said: “We have seen sizeable growth in our business finance lending over the last few years, and our commercial mortgages offering is an important part of our ongoing plans to support more businesses with more products and services than ever before.

“Caroline’s vast experience will help us drive the business forward. She is a great asset to the team.”

Luxmore added: “I am delighted to be offered this fantastic opportunity to lead and develop the Aldermore commercial mortgages proposition and bring us closer to becoming a market leader.

“By introducing increasingly competitive products and an improved service, I know this ambition is very much in our grasp.”