RATESETTER has hired high street banking veteran Dave Bibby (pictured) to join its specialist property development team.
The ‘big three’ peer-to-peer lender said that this was a newly created role and that Bibby would have responsibility for developing its property finance business across the North of England.
Bibby has more than 30 years of experience in the banking sector, having worked at NatWest and Santander.
He has managed lending portfolios worth more than £1bn of client loans, with a particular emphasis on development funding in the residential and commercial property sectors, RateSetter said on Monday.
“The property finance industry has seen tremendous change over the past few years, with modern sources of finance such as RateSetter offering incredibly fast drawdowns and personal service,” said Bibby. “I’m excited to play a part in its future growth.”
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Neal Moy, RateSetter’s head of property finance, said: “We are delighted that Dave has joined our team. He brings decades of property finance experience and expertise which I am certain will help us expand our customer base in the North of England.”
RateSetter originates property loans ranging from £500,00 up to £7.5m with a maximum 65 per cent loan to value.