Paragon Bank restructures mortgages sales function

It aims to boost focus on key clubs and networks

Paragon Bank restructures mortgages sales function

To further enhance relationships with key networks and clubs, specialist lender Paragon Bank has restructured its buy-to-let mortgages sales function.

Louisa Sedgwick (pictured), mortgages commercial director, has assumed responsibility for both the sales and product teams.

Two new national account manager roles have also been created in the sales function to strengthen relationships with networks and clubs. Jane Simpson, previously managing director of The Business Mortgage Company, and Sally Wright, head of intermediary distribution at Hampshire Trust Bank, will join the business to fill the newly created positions.

Jason Wilde will remain in his current role as national sales manager, supported by the existing regional sales team.

Paragon’s mortgages sales director, Moray Hulme, will be retiring from the business at the end of the year.

“Paragon is making a significant investment in its buy-to-let mortgages business – through our digital proposition, people and processes – to improve customer and broker experience and position the bank for the next phase of growth,” remarked Richard Rowntree, managing director of mortgages at Paragon Bank. “The changes we are implementing today will optimise our sales and operations functions and position the bank for the future.”

Also commenting on the restructure, Sedgwick said she was excited that Paragon was putting in place a structure to build on the work that was undertaken over recent years.

“Paragon has an excellent reputation among the broker community, and we want to expand our network to become a lender of choice across the market,” she added. “Ensuring we have a sales function that can forge new relationships and is fully aligned to today’s modern distribution network is a key element of that journey.”

Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, Twitter, and LinkedIn.