Press Release: Nigel Payne Joins rebuildingsociety.com

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Nick Moules
17th October 2012

rebuildingsociety.com, the peer-to-business lending platform, has announced the appointment of Nigel Payne, the former MD of BM Solutions and Assurant Intermediary as a non-executive director for its introducer channel.

Payne has joined former HML and Mortgages PLC marketing director Julian Wells to help the peer-to-business lending site generate borrower leads through adviser referrals.

Payne said: “I am delighted to be joining a really innovative and exciting venture in rebuildingsociety.com. In today’s market where the major lenders are restricting their lending, such innovative approaches to finding new sources of funds for quality businesses that are looking to grow should be applauded.”

rebuildingsociety.com pays advisers 1.5 per cent on completed deals and takes on businesses currently trading profitably with two years of filed accounts. It then promotes the opportunity through its website to a network of investors who pledge small amounts to create a secured or unsecured loan.

Daniel Rajkumar, rebuildingsociety.com’s managing director added: “Nigel’s connections and reputation in the introducer market will help get across the benefits and credibility of our proposition to advisers. With Nigel and Julian leading our campaign, we’ll be able to create strong long-term relationships with advisers and help their clients access finance.”

rebuildingsociety.com will be exhibiting at the Mortgage Expo in London on 14 and 15 November.

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