Colin Snowdon has been given a role by bank Aldermore to examine residential lending opportunities.

Snowdon was most recently CEO of Wave and was also instrumental in the launches and development of The Mortgage Business (TMB) and Verso.

His former colleague Richard Spinks is also involved in the process, which Aldermore says is likely to be intermediary-focused.

Phillip Monks, chief executive of Aldermore, said: “Strategically