Paragon Bank has announced a restructure of its buy-to-let mortgages sales function to improve relationships with key networks and clubs, as well as the broader intermediary community.
Louisa Sedgwick, mortgages commercial director, has assumed responsibility for both the sales and product teams. Additionally, two new national account manager roles have been created in the sales function to bolster relationships with networks and clubs.
Jane Simpson, previously managing director of TBMC, and Sally Wright, head of intermediary distribution at Hampshire Trust Bank, will join the business in the national account manager roles and further details of their appointment will be announced in due course. Jason Wilde will remain in his current role as national sales manager, supported by the existing regional sales team.
Moray Hulme, mortgages sales director, will be retiring from the business at the end of the year.
Richard Rowntree, Paragon Bank’s managing director of mortgages, said: “Paragon is making a significant investment in its buy-to-let mortgages business – through our digital proposition, people and processes – to improve customer and broker experience and position the bank for the next phase of growth. The changes we are implementing today will optimise our sales and operations functions and position the bank for the future.”
He added: “Moray has helped Paragon become one of the most highly-regarded buy-to-let lenders in the market today and I thank him for his dedicated service to Paragon over the past 36 years. Moray is well-known and well-liked in the industry and we wish him well for the future.”
Sedgwick added: “Paragon has an excellent reputation amongst the broker community and we want to expand our network to become a lender of choice across the market.
“Ensuring we have a sales function that can forge new relationships and is fully aligned to today’s modern distribution network is a key element of that journey and I’m excited that we are putting in place a structure to build on the excellent work undertaken over recent years.”
Hulme said: “I am extremely proud to have helped Paragon become the UK’s leading specialist buy-to-let lender during my 36 years with the company. It was exciting to be part of a new market when buy-to-let launched in the mid-1990s and subsequently to see the sector develop into the mature market it is today, supporting the growth of the private rented sector and providing a home for millions of people.
“I am looking forward to spending time pursuing my interests, as well as keeping in contact with the many friends I have made in the industry over the past three decades.”
