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Bevan Money, the lender due to launch later this year, has appointed Brian Brodie as chief executive. The business, which has “a clear focus on the housing needs” of the UK’s 5.9 million public sector workers, submitted its application for a banking licence last May and plans to provide mortgages funded by retail
There are some potential bank launches in the pipeline for 2024, and savers could potentially see three new banks coming to the market according to a banking expert.
Bevan Money has submitted its application for a banking licence. The business plans to provide mortgages, fuelled by retail deposits and designed in detail to help key public sector workers onto the housing ladder. The start-up bank has reached this point without seeking external seed capital and currently carries no
Bevan Money has submitted its application for a banking licence so it can use retail deposits to offer mortgages to key public sector workers.