TFC Homeloans managing director Nigel Payne has left the business to “take time out to find a new challenge in the mortgage market” after spearheading the company’s relaunch into the specialist finance sector.
As well as overseeing a merger with packager Solent Mortgage Services during his time at TFC Payne made the decision to move its headquarters from Warrington to central Manchester and strengthened an already hardy team.
Payne said: “We’ve built a great team at TFC, strengthened relationships with lenders and brokers, and helped through recent regulatory hurdles.
“I’m leaving TFC after a rewarding, challenging and enjoyable couple of years as managing director of the business.”
Payne joined the business in early 2015 after more than 20 years at HBOS. Before that he headed up Assurant Intermediary and held a range of non-executive positions across the lending and distribution sector.
He added: “I’m taking time out to find a new challenge in the mortgage market. It’s another exciting year in our industry and with plenty of opportunities to grasp.”
Payne has had a glittering career in the mortgage industry after starting at Leeds Permanent in 1987.
Positions have included non-executive roles at Rebuilding Society and Brightstar Financial.
He has also been a consultant at Blacks Solicitors LLP, associate director of Buildstore Financial Services as well as managing director of The Mortgage Business from 2005 to 2008, BM Solutions for five months in 2008 and Assurant Intermediary between 2009 and 2011.
He was also chairman of PISCES between 2004 and 2008.
Prior to that spent three years as head of savings at Halifax, and two years before that at the same company as corporate finance manageer between 1997 and 1999. He is currently a non-executive chairman of Mortgage Introducer – a position he has held for over five years.
TFC Homeloans has been approached for comment.