Aldermore has appointed Craig Farmer as its centralised lending team manager with responsibility for smaller Commercial Mortgages.

Farmer is based in Peterborough and is now responsible for overseeing mortgage products for lending below £500,000, liaising with specialist mortgage/finance brokers, and heading the team of commercial business development managers.

He joined Aldermore in April 2013 and was one of its senior credit managers before this appointment, having oversight of credit policies for both the commercial and property development businesses.

Farmer reports to Gareth Claxton, head of commercial lending and has more than 20 years of experience in banking spanning retail, commercial and risk sectors with Lloyds Bank and latterly HSBC.

He said: “I’m delighted to have joined this team and I look forward to helping taking the Bank’s proposition to the next level and making its presence felt wider in the commercial and residential investment mortgage market and owner-occupied business sector.

“Aldermore’s commercial mortgages business has ambitious targets in terms of growth and customer satisfaction levels, which I believe is fundamental to differentiating ourselves from our competitors.”

Claxton added: “I’m delighted to welcome Craig to the team and wish him every success for the future. He is well known in the commercial mortgage and broker market and I have no doubt that his considerable experience will stand him in good stead.”