Bridging lender Cheval has announced the appointments of Neil Molyneux and Gordon Rae as new business development managers.

Molyneux joins from estate agency group Sequence UK Ltd, where he was mortgage services sales manager for the Fox & Sons and Allen & Harris brands. He previously worked for Lehmann Brothers as regional account manager within the Southern Pacific brand, as regional director for Forces Financial and held various positions within the Advance Finance Group.

Rae’s most recent position was as regional account manager at Tiuta plc. Before this he was national sales manager for GMAC RFC, where he spent 10 years in various positions within mortgage sales.

Gavin Diamond, finance director at Cheval, said the hirings follow the recent significant cash injection that Cheval received from its new shareholders in February this year: “These appointments demonstrate our commitment to increasing our lending volumes and reinforces our position as offering the best service within the bridging sector.