Loans Warehouse hires Lee Carling to spearhead launch into regulated bridging
Loans Warehouse has hired Lee Carling as head of bridging as the second charge broker prepares to launch into regulated bridging.
Carling (pictured) was hired from West One Loans where he was head of collections, while before that he was a servicing manager at Dragonfly Property Finance (now Octopus).
Matt Tristram, co-founder and director of Loans Warehouse, said: “In recent years we’ve seen the growth of the bridging market. Last year alone new lending exceeded £534m according to figure published in Bridging Trends from MT Finance.
“During this time we made a purposeful commitment to building an excellent bridging proposition to work alongside our second mortgage team for which we are renowned.
“We knew we needed a figure head to take our bridging team to the next level and I believe Lee, a former Dragonfly original has what we need to push our team.”
“Lee’s professionalism and skills gained from years within the bridging sector is what attracted us. His knowledge and understanding of the product is as good as anyone I’ve ever worked with.”
Loans Warehouse plans to gain authorisation to carry out regulated bridging activity in the next 12 months, after which it will launch a separate bridging brand.
It is also targeting growing its bridging finance department into one of the biggest in the UK.
Loans Warehouse currently writes around £30m in unregulated bridging finance per year.
Carling said: “I was ready for a change and when the opportunity to join Loans Warehouse presented itself I knew I wanted to be a part of their team. I’ve worked with Matt over the years and have always been impressed by the quality of work they produce.
“Whilst still new to the role I am really enjoying it. I have spent the first few weeks understanding the existing business practices and getting to know my new colleagues.
“The welcoming response I have received from the existing lending panel has been overwhelming, they appreciate that I now represent a brand with some of greatest professional relationships and the opportunities that the likes of MT Finance, UTB, Kuflink and Octopus afford our company are vast.
“I’m pleased to have expanded on those relationships too, in recent days we’ve added Octane Capital and Tuscan Capital to our panel.
“The growth plans are exciting and I cannot wait to be part of the ongoing success in the coming years.”