Landbay, a relatively new peer-to-peer lender focussed on the buy to let sector, has appointed a former senior figure from Paragon Mortgages to a senior role.
Paul Clampin was director of mortgage underwriting at Paragon and has also worked at Mortgage Trust.
It is the latest of a number of senior appointments made this year by Landbay, which has also sharpened its PR efforts and has created a rental sector index in a bid to heighten its profile.
Clampin is described as having a major role to play "in overseeing the scaling up of Landbay’s underwriting capacity."
Landbay has recently become the first peer-to-peer platform to put its loan book through Bank of England standard stress testing.
Landbay was launched with the plan of achieving a £1 billion loan book by 2018, but it has now upgraded its plans to achieve £1 billion in lending per year by 2018.