Fleet Mortgages

Office address: Flagship House, Reading Road North, Fleet, Hampshire GU51 4WP 
Website: www.fleetmortgages.co.uk 
Year established: 2014 
Company type: financial services 
Employees: 170+ 
Expertise: mortgage lending, mortgage servicing, buy-to-let lending, risk management, HMO mortgages, limited company mortgages 
Parent company: Starling Bank 
CEO and key people: Damian Thompson (CEO), Jannie Vermeulen (CRO), Philip Tebbatt (chief legal & compliance officer), Erhan Temurkan (technology & security director), Nicola Richardson (COO), Steve Cox (CCO), Diane Mitchell (credit director) 
Financing status: formerly VC-backed   

Fleet Mortgages is a Hampshire-based mortgage services company, focusing on selling to intermediaries and authorised brokers. The company has over 170 employees and primarily offers buy-to-let lending solutions, having 14 different options on its platform. In 2021 It had earned over £1.75 billion in mortgages under management and a total origination volume exceeding £2.3 billion.   

History of Fleet Mortgages 

Fleet Mortgages was established in 2014 and headquarters in Fleet, Hampshire, entering the market with a focus on buy-to-let mortgage solutions. The company distinguished itself through financial products tailored for landlords.  

Fleet Mortgages was acquired by Starling Bank in 2021, a strategic move that enhanced Fleet's funding capabilities and market reach. This acquisition has allowed Fleet to further solidify its position in the market, continuing its operations with the existing respected management team while leveraging Starling's resources.   

Products and Services of Fleet Mortgages 

Fleet Mortgages provides several lending options that are designed to meet the needs of its target customers. Key offerings include:  

  • buy-to-let mortgages: tailored solutions for landlords, supporting both small and large portfolios. 

  • limited company mortgages: specialised mortgage options for company structures, accommodating complex ownership scenarios. 

  • HMO mortgages: designed for houses in multiple occupation, these products cater to the specific needs of HMO landlords 

Culture at Fleet Mortgages 

Fleet Mortgages prides itself on cultivating an inclusive, open, and collaborative work culture, acknowledging that the centre of its business is the staff. The company prioritises the well-being and development of its employees through implementing comprehensive policies. These policies ensure that the staff are not only compensated fairly but are also supported through benefits, including: 

  • competitive salary packages 
  • pension contributions 
  • private health insurance 
  • training and development opportunities 
  • flexible working options 
  • holiday entitlement and more   

Fleet Mortgages is committed to gender balance and diversity within its workforce, aligning with its pledge to the Women in Finance Charter. The company prioritises gender diversity by setting internal targets, holding senior leaders accountable, and promoting inclusive policies. Specific initiatives the company has undertaken to support its DEI approach include: 

  • senior accountability: one senior executive is responsible for overseeing gender diversity and inclusion 

  • internal targets: defined targets for female representation within senior management, with progress reported annually 

  • linked remuneration: senior executive pay is connected to achieving gender diversity targets 

  • family-friendly policies: ongoing enhancement of policies to support work-life balance 

  • succession planning: focus on developing a pipeline of female leaders through robust mentoring 

  • professional development: continuous investment in training programs aimed at leadership development 

About Fleet Mortgages CEO Damian Thompson and Key People 

Damian Thompson has been serving as the CEO of Fleet Mortgages since 2023. Before, Thompson was also chief asset management officer at Starling Bank, head of UK FI origination and solutions at NatWest Markets, and more. He attended the University of Leeds. 

Supporting Thomspon in leading the company is a team of professionals. These include: 

  • Jannie Vermeulen, as chief risk officer, manages risk across the company's lending portfolio 

  • Philip Tebbatt, serving as chief legal & compliance officer, oversees legal compliance and regulatory affairs 

  • Erhan Temurkan, technology & security director, ensures technological advancements and security across operations 

  • Nicola Richardson, as COO, directs operational strategies to enhance service delivery 

  • Steve Cox, chief commercial officer, drives commercial strategy and business growth 

  • Diane Mitchell, a credit director, handles credit strategy and risk management within the company   

The Future at Fleet Mortgages 

Fleet Mortgages is enhancing its market stance with new, economically efficient mortgage products and price adjustments to suit diverse customer needs. Recent launches include zero fee five-year fixed-rate mortgages and significant rate reductions across standard and company-specific products. The company is also committed to sustainability with its Green Tracker products, appealing to environmentally conscious consumers and aligning with regulatory trends.  

Operational improvements such as faster document assessments and valuations aim to boost customer satisfaction and retention. These initiatives position Fleet Mortgages for growth by enhancing product flexibility, operational efficiency, and a commitment to sustainability. 

Fleet Mortgages introduces new limited company products

It also reduces rates on two standard five-year fixes

Fleet Mortgages unveils new buy-to-let products

It also reduces rates on products in its standard range

North-South divide in rental yields evident in latest BTL report

Almost all regions show positive year-on-year increase in rental yield

Fleet announces rebrand as it nears 10th anniversary

It has a new logo and website design that reflect a more modern image

Fleet Mortgages unveils zero completion fee limited edition fixes

The products are available across its standard, limited company and HMO/MUB ranges

Melton BS appoints Gateway Surveyors as panel manager

It is the latest in a series of high-profile partnerships for the firm

Fleet Mortgages announces rate reductions on fixes

Changes can be seen across its three core ranges

Fleet Mortgages slashes rates on entire fixed range

Rate cuts range from 20 to 40 basis points

Hanley Economic reappoints Gateway Surveyors as panel manager

It is the latest in a series of high-profile partnerships for the firm