A now former Business Development Manager from West One Loans has this week transferred to another London-based bridging lender.

Glenmore Capital, the privately funded bridging lender based in Central London, has appointed Jason Fantini as its Head of Business Development, who officially started his new role yesterday.

Jason joins from West One Loans, where he was hired in August 2011 with a remit to develop new broker relationships across the UK and outside of London in particular

Speaking before his appointment, Jason told B&C: “It felt like the right time to move and after speaking with the team at Glenmore, their vision and growth plan was something that really appealed to me to want to be a part of.

“Glenmore has a nice tight-knit team and are looking to expand its ranks too. These are exciting times as we plan to grow the loan book for the rest of the year and we’re looking to double it by 2014.”

Daniel Rubin, Managing Director of Glenmore, stated: “I am delighted to announce that someone of Jason’s experience and calibre has decided to join Glenmore. 2013 is an exciting year for us all here and I strongly believe that Jason is the right man to take the business forward, and meet our objectives.”

Glenmore Capital officially launched in mid-November 2011 and has steadily grown its lending platform. Figures from Q1 this year show a healthy 17 per cent increase on the size of its loan book compared with this time last year. Glenmore Capital is privately funded and there is a great desire to rapidly increase its loan book, hence its decision to bring in an experienced addition to the sales team.

The self-funded lender caters for clients requiring either a first (non-regulated mortgage contracts only) or second charge loan (CCA non-exempt acceptable).

The lender’s pragmatic approach to underwriting has seen it fund residential properties in counties outside of London and the South East, including Cheshire, Dorset, Lancashire, Oxfordshire and the West Midlands.

Glenmore has recently been involved in lending to a mixture of individuals and Limited Companies, including a property with agricultural restrictions. Jason added: “Glenmore’s ability to think outside of the box, and their quick and efficient decision processing making process was a major factor in my decision to join them, and I look forward to making this exciting opportunity a success, for myself and indeed everyone at Glenmore Capital.”

Glenmore Capital believes that with the right underwriting philosophy, rigorous processes and the appropriate application of risk modelling, lending in this difficult sector need no longer be a lender’s nightmare.