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03 April 2018

Alan Margolis joins Masthaven Bank as Director of Credit and Operations

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Masthaven Bank has today announced the appointment of Alan Margolis as Credit and Operations Director for the short-term lending side of the business. Alan has been appointed to the newly created role as part of Masthaven’s ongoing expansion and brings over 20 years of financial services experience, particularly within the short-term lending sector.

Alan will be involved in Masthaven’s key credit decisions. This will include reviewing underwriting processes, innovating broker journeys and communication, driving product updates and supporting the bank’s short-term lending division.

Alan joins from Fintex Capital where he was Real Estate Project Leader. His previous roles include Head of Bridging at United Trust Bank and Chief Executive of Cheval Property Finance.

Alan is well-known in the bridging sector having served on the executive of the Association of Short Term Lenders and on judging panels for industry awards. He is also a regular contributor of articles to industry publications.

Masthaven’s latest appointment follows its several recent product launches, including its new larger loans bridging product – ‘Bridging Plus’ – for loans over £750,000.

Jon Hall, Managing Director at Masthaven, says:  
"The bridging finance sector will always be a key part of Masthaven’s plans as we continually challenge the service and products we provide to our intermediary partners and their clients. Bringing experts such as Alan into the team underpins our ambition to ensure we keep this service moving forwards and I am delighted such a well-regarded and experienced bridging professional has joined the team.

James Bloom, Managing Director of Short Term Lending at Masthaven, says:
“Alan has a substantial amount of experience in the market and we know he will be a real asset to us here at Masthaven. We are currently in a considerable growth phase, with several more exciting new products being launched and we are delighted that Alan will help us through this process to ensure we can continue to offer exceptionally high service levels.

“There are very few people in the market who have Alan’s knowledge and experience and it is a testament to our growing reputation that we have managed to attract someone of this calibre - welcome to Masthaven Alan.”

About Masthaven Bank Ltd
Masthaven launched as a retail bank in 2016. It offers award-winning saving and lending products. Prior to that, Masthaven Finance has provided a flexible and personalised approach to bridging loans and secured lending since 2004. Today, the bank’s knowledgeable and experienced specialists are committed to providing customers with flexible and fixed term savings accounts, bridging loans, development finance, and mortgages. The bank is authorised by the Prudential Regulation Authority, and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Register no. 719354). Masthaven was named ‘Best Bridging Lender’ in the Coreco Awards (2017); ‘Most Innovative Savings Provider’ in the Moneynet Personal Finance Awards (2017 and 2018); and ‘Best Specialist Lender’ in the Moneynet Personal Finance Awards (2018). Masthaven Finance featured in 2015’s The Sunday Times’ Virgin Fast Track 100 (at number 81). Masthaven Bank was ranked 240 in Financial Times’ FT1000 list (2017.
 
FOR FURTHER INFORMATION
Gaby Bryson, Rostrum 
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