Peter Beaumont has teamed back up with Trevor Pothecary, joining The Mortgage Lender (TML) as deputy chief executive.

He worked with Pothecary, TML’s chief executive, for many years at Mortgages plc and then Merrill Lynch.

Beaumont (pictured) has over 32 years’ experience in the UK housing and financial market including board positions at Hearthstone, a UK Residential Property fund, the GSP Group, which specialises in real estate and private equity, RPS Capital Partners, as well as Mortgages plc and Merrill Lynch.

Pothecary said: “We are delighted Peter is joining us at a crucial point in our evolution. His knowledge and experience complement and add to the existing management team as we gear up for the launch of our buy-to-let proposition and look to securitise our first tranche of loans.”

Beaumont added: “Working with a successful and known management team is the right opportunity at the right time for me.

“It means I can focus on developing and building on what the board has already achieved as well as identifying new markets and segments of the market that are currently underserved. I’m looking forward to working with a team I trust as well as building on TML’s success.”