The challenger bank — which had its deposit restrictions lifted by the FCA and PRA in November — has appointed Savvas Nicola as a relationship manager and Edwin Yamoah (pictured above) and George Chipperfield as credit support officers.

It also welcomed Orlagh Mangan as an operations manager and Jo Vudali as a senior underwriter.

Savvas joins the bank from UTB, while Edwin and George previously worked at Magna Money and Metro Bank, respectively.

Meanwhile, Orlagh joins the team from Aviva Investors and Jo from Shawbrook Bank.

All of the new members — who have extensive experience in property finance — will work together with the bank’s head of lending, Conor McDermott.

The new team will further develop and drive Monument’s lending proposition, which provides BTL and bridging loans with initial lending of up to £3m, with a focus on delivering a better experience for busy professionals, experienced landlords and brokers.

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Mintoo Bhandari, CEO and co-founder of Monument, said: “We are delighted to have assembled such a highly experienced team.  

“We believe we have the ideal blend of experience and skill, but also that each individual shares our passion for delivery and service excellence.  

“We will continue to enhance our human, technological and operational capabilities, to become the first challenger bank in the UK to meet the unmet demands of professionals, property investors, entrepreneurs and others that are seeking a bank to help them save and grow their wealth.”

Conor added: “We are really pleased with how our proposition and approach has been received by the market in these early stages. 

“Each of us saw the opportunity presented by focusing on the needs of this particular segment of the market.  

“The technology we have built and which we will further enhance brings much needed efficiency, speed and transparency to what can often be a frustrating experience for landlords and brokers. 

“We are all looking forward to redefining what service means in this space.”