David Whittaker

David Whittaker

Job title: Chief Executive Officer

Date joined: 
Established Mortgages for Business in 1990

Awards:

• 2017 Mortgage Personality of the Year, Mortgage Strategy Awards

Mortgage Personality of the Year Winner logo.jpg

• 
2017 Business Leader, Complex Buy to Lender finalist, British Specialist Lending Awards
   (results announced 25.05.2017)
• 2009 Lifetime Achievement Award, Business Moneyfacts 

National Association of Commercial Finance Brokers: 
• 2001 President
• 1994 President

Role: As CEO, David drives the business forward on a daily basis. His passion and expertise is reflected through his active engagement and strong relationship with lenders. He is often called upon to give advice on lending criteria and help design new products.

A colourful figure within the industry, David is renowned for telling it like it is. He is frequently asked for comment by both the national and trade press and is a regular speaker at industry events. This year, David was voted Mortgage Personality of the Year at the Mortgage Strategy Awards 2017.

In addition to the above, David still manages his own clients. He is a savvy negotiator, working with brokers on complex commercial, buy to let and property development finance deals that can only be placed with the specialist lenders.

David is also CEO of Keystone Property Finance which provides a range of specialist funding solutions.

Experience: David trained as a civil engineer at Sheffield University and then spent 10 years as an officer in the Royal Engineers. On leaving the army he joined broker John Charcol in 1987. Spotting a gap in the market to source mortgages for business owner-occupiers in Kent, David left Charcols in 1990 to set up his own brokerage.

From a small office with just three people and a dog, David developed the business into one of the UK’s leading, specialist brokers which has won numerous, prestigious industry awards from the likes of What Mortgage magazine, Business Moneyfacts, Mortgage Strategy magazine and Incisive Media (British Mortgage Awards).

David was instrumental in setting up the National Association of Commercial Finance Brokers in 1992, the body that promotes best practice within the industry and operates via a strict code of conduct. He has twice been its President (in 1994 and 2001).

In January 2007 David launched Keystone Buy to Let Mortgages in a joint venture with the Wilky Group. Keystone loaned c£200m of mortgages before withdrawing from the market in December 2008. The Keystone lending brand was relaunched in 2012 with funding from Aldermore Bank. It continues to go from strength to strength, and today is funded by Paratus AMC and Together Money.

At the Business Moneyfacts Awards 2009, David’s work within the mortgage industry was recognised by a Lifetime Achievement Award presented to him by writer, presenter and comedian Sandy Toksvig.

Favourite film: Out of Africa


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Blogs

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  • Increasing workload should mean increased proc fee



    We have now heard from four lenders on how they intend to approach the specialist underwriting requirements for portfolio landlords come October when the second part of the PRA’s new regime kicks in.

  • Landlords in the dark - an opportunity for brokers?



    Do your landlord clients know about limited company buy to let borrowing and the new underwriting guidelines for lenders lending to portfolio landlords? David Whittaker has been out and about meeting landlords and has found that many are still unaware of the changes to the buy to let landscape...

  • Buy to let lenders still quiet on portfolio landlords



    Come 30 September 2017, the Prudential Regulation Authority expects buy to let lenders to adopt a “specialist” underwriting process when assessing a portfolio landlord’s borrowing suitability. Exactly what those processes will be, brokers and borrowers don't yet know, and time is running out for us to prepare...

  • Home truths are uncomfortable



    David Whittaker gives his run down of this year’s Great Buy to Let Debate, an event attended by a couple of hundred industry professionals including lenders, brokers, surveyors and letting agents – even the regulator was in the room!