New lender BTL Quantum to launch in 2022

Quantum Mortgages has announced its intention to launch in early 2022.

A buy-to-lease (BTL) company that will initially focus on professional homeowners “who are underserved by the main street and many other specialist lenders”, it boasts of offering manual underwriting. without automatic credit scoring, as well as an individual approach for each. application.

The lender will be led by Managing Director Jason Neale and Sales Director Spencer Gale.

Neale recently worked as BTL Loans Manager at Axis Bank for a year and a half, as Sales Manager at Magellan Homeloans for four years, until May 2019, and as Regional Sales Manager at Primis. , between 2009 and 2014.

Gale also spent time at Axis Bank and Magellan Homeloans and worked as a sales manager at ULS Technology.

Additionally, Gautam Pandey will assume the role of Director of Capital Markets and Financing and Manish Shah as Non-Executive Director.

Pandey brings over 17 years of investment banking experience, while Shah has over 15 years in investment management and asset management.

CarVal Investors has provided the lender with a £ 1 billion line of finance.

Quantum Mortgages will be an intermediary lender only and will focus on technology, meaning brokers will not have to submit documents.

Neale says: “As the additional tax burden really begins to weigh in, the situation for professional homeowners continues to become more complex, leaving more of them underserved by street lenders and even by many self-lenders. – saying specialized ”.

“We are delighted to have secured a substantial seed line of funding that gives us the flexibility to take a smarter lending approach with more useful and modern lending criteria, coupled with the ability to listen and understand circumstances. individual. “

And Gale adds: Throughout my career, I have been passionate about improving the customer journey, adding real value to my channel partners while being open, honest and transparent.

“I am therefore delighted to be able to launch a company with these values ​​that cross it and to really focus on the needs of intermediaries by combining the latest technologies with an expert human underwriting.”

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