"The property market in Scotland is very strong and we’re optimistic about the future need for alternative lenders like us."
Signature Private Finance is the latest lender to expand into the Scottish market.
The lender has appointed Alan Coats as its latest lending manager, who will be based in Edinburgh with responsibility for supporting the firm’s growth strategy across Scotland and the north of England.
Alan becomes Signature’s first hire north of the border, reflecting the increasing demand for alternative lenders in the Scottish property market.
Signature's offering includes residential and commercial bridging, light & heavy refurbishment, revolving trading facility and auction finance.
Alan said: “It was an easy job offer to accept. The opportunity to join a successful and flourishing business like Signature, with an experienced senior team and an ambitious growth plan, does not come along too often.
“Already well-established as an alternative lender to watch within the sector across England and Wales, the firm’s aspirations reflect my own. It demonstrates a desire to grow further, introduce new innovative products and help more property professionals secure the lending they need.
“With my management experience, banking sector expertise and extensive contact list across the country, I anticipate a swift start to attracting more business to the Signature brand. It does things a little differently, with an impressive client-centric service that ensures clients return, time after time.
“Having worked as an area director for the Bank of Scotland in my previous role, I have a clear understanding of where the main property hotspots are and the funding needs of property developers."
Signature's CEO, Tony Gilbertson, commented: “As the business continues to grow and the needs of our clients develop, it’s crucial that we recruit experienced individuals capable of delivering the high-quality services our clients expect.
“The property market in Scotland is very strong and we’re optimistic about the future need for alternative lenders like us, who work hard to find ways to get deals done, not turn them down.
“It is satisfying the Signature brand, reputation and product offering can attract individuals of Alan’s calibre; and with his reputation for building strong client relationships, we are confident of attracting plenty of new business.”