During his time at the lender, the business has grown significantly, and the brand has become an established presence in the specialist mortgage market, having originated close to £3bn of assets.

In 2021, Peter managed the sale of the business to Shawbrook where it has become a significant part of the bank’s portfolio of highly regarded specialist retail mortgage brands.

Hugh Meechan, currently COO at TML, will lead the business on an interim basis.

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Peter said: “I’m incredibly proud of what TML has achieved, particularly over recent years.

“The talent of the team, the investment in technology and the relationships we have with our introducers makes this a very special business.

“I look forward to seeing TML continue to innovate and grow in the specialist mortgage market.”

Marcelino Castrillo, CEO at Shawbrook, commented: “Peter has made a huge contribution to the TML story, leading its growth as both an independent specialist lender and as part of the Shawbrook Group where he has also been a very active and supportive presence at the executive committee.

“We thank him for his contribution and wish him well for the future."