Fee-free mortgage dealer L&C Mortgages chief govt Alan Young (pictured) is leaving the agency efficient instantly, Mortgage Solutions understands.
Young joined L&C Mortgages as chief govt in 2022, taking up from Chris Mills, who had been with the agency for round two years. Prior to that, he was managing director and founding father of Landmark Optimus for round three years.
Before that, he was managing director of Aventria for slightly below a yr. The firm was acquired by DMGT and renamed Landmark Optimus.
He was chief business officer (CCO) at John Charcol for round two years and labored at ULS Technology for almost seven years.
Young initially joined ULS Technology as a nationwide account supervisor in 2009, working his method as much as head of gross sales in 2012, then head of company improvement in 2014. He then took on the position of business improvement director in 2015.
In an interview with this publication final yr, Young and chairperson Phil Rickards stated that they’d reinvigorate the imaginative and prescient and path of the fee-free mortgage dealer.
They stated that the important thing a part of the business can be “having specialists within each mortgage area” so that everybody who comes by means of the door goes to the “relevant broker”.
They confirmed a partnership with specialist comparability website Propp.io for specialist property finance referrals final yr, and in addition teamed up with Brilliant Solutions to assist prospects and advisers with its packaging proposition and referral service.
The fee-free mortgage dealer stated that it had supported over £13.2bn of mortgage purposes in 2023 and accomplished round £10.3bn in mortgage business.
An L&C spokesperson stated: “L&C Mortgages can affirm that Alan Young has left his position as chief govt officer at L&C with rapid impact.
“Mark Harrington will step into the position of interim chief govt officer. Mark has been with the corporate for greater than 21 years and has a deep understanding of L&C’s prospects and colleagues. Harrington has held all kinds of roles at L&C, most just lately within the position of chief working officer.
“Together with the executive committee, Mark looks forward to continuing to drive L&C’s ongoing growth.”
Anna is a reporter for Mortgage Solutions and assistant editor for Specialist Lending Solutions, each B2B sister titles of YourMoney.com. She has labored as a journalist for over 4 years, initially within the specialty insurance coverage sector earlier than transferring onto mortgages.
