Yorkshire Building Society head of buy-to-let Chris Maggs is to depart the lender after 15 years to set up a consultancy business.

Maggs, who leaves the role tomorrow 7 May, has worked in the mortgage sector for more than 30 years, holding senior roles at Portman Building Society (Nationwide) and Household Mortgage Corporation before joining Chelsea Buildng Society as intermediary sales controller in 2005.

When Chelsea merged with Yorkshire Building Society, Maggs managed key accounts and the Accord sales team, alongside of David Robinson. He moved to his current role in 2012.

Maggs was tasked with the development of the Accord BTL proposition, which under his tenure has grown into a multi-billion pound mortgage book.

Speaking to Mortgage Strategy, Maggs says: “Now feels like the right time for me to move on and look to use my 30 plus years’ experience in the mortgage market to support businesses on a consultancy basis. My skillset can benefit existing or start up lenders in their development in terms of the full end-to-end mortgage process including associated lending services such as valuations and legal panel management.

“I’ve had an incredible time at YBS over the last 15 years and would like to thank everyone there for their support and confidence in my abilities.”

Maggs is the second well-known figure in the buy-to-let industry to bow out in as many days, with the departure of Ying Tan from Dynamo announced yesterday.