Freedom Finance Mortgages Ltd (FFML) has announced the promotion of Gareth Wallace to commercial director.

FFML is Freedom Finance’s mortgage advisory business, focused on second charge mortgages, using Freedom’s proprietary marketplace platform whilst partnering independently to service a growing customer base and partner network.

Wallace’s promotion to commercial director comes after eight years working in the second charge mortgage sector with FFML where he has held a variety of posts, including operations manager and sales underwriter, among others. He has also held sales roles at Loan.co.uk and Virgin Media.

His appointment follows the recent news that Richard Sharp has been appointed managing director of FFML. In addition to these appointments, FFML recently announced the launch of a refreshed proposition to support brokers through its Freedom 4 Intermediaries division.

Wallace said: “It’s brilliant to take this role at such an exciting time in the homeowner loans space. As the UK economy continues to fluctuate, homeowner loans have become an invaluable finance option for customers. Last year saw record growth in the second charge mortgage sector and the drivers remain as strong as ever. I look forward to working with Richard and the team to capitalise on the growth opportunities that lie before us.”

Sharp added: “Gareth has been an integral member of the FFML team for some time so I am delighted that he will be commercial director, helping drive the growth in our business. This appointment demonstrates our ability to invest in a sector that will play an important role in meeting our customers’ future borrowing needs.”