The Mortgage Lender CEO steps down

Interim head named

The Mortgage Lender CEO steps down

The Mortgage Lender (TML) has announced the resignation of Peter Beaumont (pictured) from his position as chief executive after a seven-year stint.

Beaumont, who has also decided to step down as a member of Shawbrook’s Executive Committee, led TML’s growth, establishing it as a key player in the specialist mortgage market with nearly £3 billion in assets originated.

In 2021, Beaumont oversaw TML’s sale to Shawbrook Bank, integrating it as a major component of the bank’s portfolio of specialist retail mortgage brands.

Read more: The Mortgage Lender revamps sales team

“Peter has made a huge contribution to the TML story, leading its growth as both an independent specialist lender and as part of the Shawbrook Group where he has also been a very active and supportive presence at the executive committee,” said Marcelino Castrillo, chief executive at Shawbrook. “We thank him for his contribution and wish him well for the future.”

Leaving the company, Beaumont said he was “incredibly proud of what The Mortgage Lender has achieved.”

“The talent of the team, the investment in technology, and the relationships we have with our introducers makes this a very special business,” he added. “I look forward to seeing TML continue to innovate and grow in the specialist mortgage market.”

Hugh Meechan, who has served as chief operating officer at TML for over eight years, will take over the leadership of the business on an interim basis.

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, X (formerly Twitter), and LinkedIn.