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Alan Cleary, a renowned mortgage expert with more than 30 years’ experience in the industry, has been appointed Chairman of Chetwood Financial’s Mortgage Advisory Committee.
Mr Cleary is one of the most prominent experts in the mediated mortgage market – he was head of sales at BM Solutions, then a director at Halifax Intermediators before becoming managing director of Exact Mortgage Experts – but he is best known for his role at Charter Court Financial Services, which he co-founded in 2008, and as a key figure in bringing to life the Precise Mortgages proposition.
Charter Court Financial Services merged with OneSavings Bank in 2019. Following the merger, Mr Cleary became leader of the group’s mortgage brands – Precise Mortgages, Kent Reliance for Intermediaries and InterBay Commercial – until his retirement in 2021.
He has now come out of retirement to serve as chairman of Chetwood Financial’s Mortgage Advisory Committee.
Founded in 2016 and based in Wrexham, Chetwood Financial is a digital bank. In addition to its existing consumer savings products, Chetwood Financial will soon launch a new specialist BTL (buy-to-let) lender, ModaMortgages, and has recently acquired BTL mortgage provider CHL Mortgages for Intermediaries (CMI). The bank is well-funded and has developed a team of experienced mortgage professionals, providing an ideal base for its two BTL lending propositions. The bank currently holds over £3 billion in personal savings and lends around £100 million per month to non-bank lenders.
In his new role, Cleary will be responsible for guiding the commercial strategy of both ModaMortgage and CMI as Chetwood Financial establishes itself as a leading player and grows its presence in the specialist lending market. Using his extensive experience in the mortgage market, he will advise the company on how to grow each part of the business to ensure both propositions resonate with brokers.
Cleary says“I never planned on coming out of retirement but this seems like an exceptional opportunity and I am excited about the bank’s vision to disrupt the market with ModaMortgages and CMI. Operating multiple lenders under one roof is a challenge with which I am all too familiar. I can’t wait to get involved and bring my experience to the table as we aim to grow both propositions in the mediated mortgage market.”
Andy Mielczarek, founder and CEO of Chetwood Financialadded: “Alan Cleary is one of the biggest names in the specialist lending sector. His experience in leading and growing mortgage lenders is unmatched and we are thrilled to have him as Chairman of our Mortgage Advisory Committee. We have no doubt his strategic guidance will be invaluable as we break new ground with ModaMortgages and CMI.”