In his new role, Barnes (pictured), who has been at Mortgages for Business for two years, will help relaunch and expand the specialist mortgage broker’s packager offer.
Barnes said: “IFAs or accountants can handle residential cases with their eyes closed and their hands tied behind their backs but with high street lenders not as proactive as they were, their usual ports of call for commercial mortgages, bridging loans, property development finance and complex buy to let mortgages have dried up. If they don’t have the expertise, access or time, we can place their deals for them.
Richardson added: “This is an important development in our approach to the broker-to-broker space. Peter’s been a consultant mortgage broker here since June 2019. He has over 29 years experience within a corporate high street bank. He’s worked in roles including underwriting, internal audit and project management.
“Not only is Peter the right man to refresh MfB for Intermediaries, this is also the right time to do it. High street lenders have made so many relationship managers redundant in their rush to telephony that IFAs and accountants no longer have a point of contact to place commercial cases direct. While he’ll be pitching the packager service at brokers who already know the lender they want to use but can’t submit applications directly themselves,