The new BDM will support brokers in the AL (St Albans), E (East London), EN (Enfield), HP (Hemel Hempstead), IG (Ilford), LU (Luton), N (North London), NW (North West London), RM (Romford) and WD (Watford) postcode areas.
The second charge lending market has officially hit pre-pandemic levels and surpassed the £100m barrier.
The number of new agreements in May was 1,910, and the value of new business was £84m.
Selina Finance has partnered with Pure Law to deliver completions on its overdraft-style second charge lending facilities.
The arrangement aims to provide more choice and add to the expertise available for MAB advisers, which the company believes will result in greater choice and improved customer outcomes.
The new panel aims to provide MAB advisers with greater choice and add to the expertise already available within its specialist finance offering.
Second charge lending has returned to pre-pandemic levels following a 76% record breaking year-on-year increase, according to Loans Warehouse.
Owen founded the London Mortgage Company as CEO of Matlock Bank, was divisional director at Lloyds TSB and was the senior independent director at Al Rayan Bank and chairman during its change of ownership in 2013.
The lender’s products will be available to brokers registered with Knowledge Bank’s platform, which has more than 125,000 individual criteria, and lists products from upwards of 250 lenders across the UK.
The lender was approached in February by Steve Rodrigues, head of broker partner Five Finance, whose client was seeking a refinance of their portfolio consisting of 58 properties across the South East of London.