Lighthouse has poached the head of Abbey's newly relaunched mortgage club, Mark Evans, to head its new mortgage offering Lighthouse Loans.
Lighthouse's move into the mortgage market will white-label Abbey's The Mortgage Alliance as Lighthouse Loans. It plans to roll out the offering to its advisers first, 160 of whom are qualified mortgage brokers. It will then look to target 200-250 external mortgage brokers to join its network.
Evans will take on the role of executive director of mortgage services at Lighthouse by the end of February. Abbey says it has an internal replacement for Evans and his loss will not affect the strategy of TMA.
Lighthouse executive director of member services Jerry Price says: “We wanted someone to front up Lighthouse Loans to make it the best in the market, if not the biggest.”