This comes after former BM Solutions managing director Tim Hague left his role to head up savings and investments at the lender.
Payne will commence his role from today. He will continue to report to HBOS Intermediaries managing director Nigel Stockton.
Stockton says: “I am delighted that Nigel has accepted the role to head up BM Solutions alongside TMB. I believe that his expertise and knowledge of the specialist mortgage market means that he is ideally placed to ensure our continued success in the specialist sector.”
Payne adds: “I am really looking forward to the challenge of my new role and aim to develop further what is already a very strong brand. It is my top priority to ensure that we continue to deliver the very best possible service to our brokers and distributors.”