Step One Finance has announced that Steve Khan has joined the business as head of commercial development.

Khan has over 30 years’ experience in the financial services industry working at John Charcol, Platform Homeloans, UCB and Private Label, GMAC-RFC, Lehman Brothers and Morgan Stanley.

Prior to joining Step One Finance, Khan also worked for six years with Paratus AMC and most recently with Target Group.

Michael Childress, co-founder and CEO of Step One, said: “It is fantastic to have someone of Steve’s calibre join the Step One team. Steve has broad experience which has touched most segments of the UK mortgage market over the last 30 years and is ideally positioned to contribute to Step One’s expansion and growth plans.”

Khan added: “I am extremely pleased to join some previous work colleagues and the rest of the Step One team at such a strategic point in their journey. I believe this is a unique and critical time in the UK lending market in which Step One is well positioned to participate and innovate. It is a fortuitous moment to join the team and I look forward to the many opportunities ahead.”

In addition, Step One has also hired a number of new members of staff in the company’s underwriting and operational teams. Nathan Lewis has joined as a trainee underwriter, while Amber Saghir joined Step One in July 2016 as a risk analyst with a focus on regulatory compliance in the company’s risk and operations team.

Meanwhile, Bethany Hudson has been hired as an accounting apprentice.