The Mortgage Lender has appointed Peter Beaumont as chief executive.

Beaumont joined the firm as deputy chief executive in 2017 and will take over from Trevor Pothecary in his new role. Pothecary will become executive chairman as a result.

The Mortgage Lender founder Trevor Pothecary said: “Beaumont has done a fantastic job since he joined us just over two years ago. He has identified new opportunities, differentiated the brand with ‘real life lending’, launched buy to let and overseen exponential growth in lending and the team.

“When we set up The Mortgage Lender in late 2014, the intention was to build a strong sustainable business, we have and continue to do just that. Beaumont’s appointment will allow me to transition to executive chairman, retaining executive responsibility and accountability by providing strategic oversight of the business and supporting and challenging the chief executive as we continue to grow.

Beaumont adds: “I am delighted to be taking on this challenge at a time when the hard work of the last couple of years is paying dividends.

“By adding skills and expertise to the team and investing in relationships with our broker partners we’ve successfully created a niche for our real-life lending ethos by focusing on products that will meet the needs of today’s borrowers.”