Stephen Knight, former chairman of GMAC-RFC, is launching a new vehicle for creating and owning mortgage lenders, called Checkmate Mortgages Limited.
Knight will take on the role of executive chairman and will join forces with Martin Finegold, founder of Kensington Mortgages, who will play an advisory role. Knight says the Checkmate vehicle will allow the pair to set up several new lenders, each focused on a particular distribution channel. The subsidiary lenders will offer products in all sectors from mainstream through to niche and non-conforming and will be supported by technology and committed funding lines. The first two lenders are scheduled to launch in Q4 2008, with the firm applying for FSA authorisation in Q1 2008. Checkmat...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
