Richard Deacon signs for Tuscan Capital

In his new role, he will be responsible for managing the sales function and building the business’ intermediary distribution, as well as ensuring the lender’s proposition can compete on product, pricing, and process.

He will have a seat on the board alongside Tuscan’s CEO Colin Sanders (right) and CFO Ed Parsons.

Richard brings significant experience in bridging finance, where he has had an extensive career in the financial services industry spanning 25 years.

He joins Tuscan from Masthaven Bank, where he worked for over 14 years, running its sales team and building a highly effective nationwide network of brokers.

“I am really excited by the challenge of joining Tuscan as sales director — having seen the funding capacity, the team and culture of the business and where it has got to in four years, I believe my appointment is perfectly timed to help develop and broaden the distribution to help the business achieve its growth ambitions,” said Richard.

“While appreciating that the market is competitive, I am confident that with the team and funding in place and its commitment to streamlining the process, Tuscan will soon be a force to be reckoned with.”

Colin added: “We are delighted and excited to have secured Richard as our sales director, as I have known him as a highly respected industry figure for many years and believe he is an ideal fit for our business to help take us to the next level. 

“Since our launch in 2018, Tuscan has built its business in a controlled and methodical way, which means we are well placed and have a profitable and solid platform to support the growth we have planned alongside Richard’s arrival.

“It’s clear that Richard has a passion for the bridging industry and is motivated to help build the Tuscan proposition into one of the market leaders.”

Last week, the finance provider revamped its residential bridging proposition by reducing its lowest headline rate to 0.64% per month and launched a new fast-track process to significantly speed up the application journey.