Nigel Payne appointed MD of BM Solutions

Payne will start his new role, heading up both businesses from 1 July 2008. He will continue to report to Nigel Stockton, managing director of HBOS Intermediaries.

Commenting on the appointment, Stockton said: "I am delighted that Nigel has accepted the role to head up BM Solutions alongside TMB. I believe that his expertise and knowledge of the specialist mortgage market means that he is ideally placed to ensure our continued success in the specialist sector."

Payne added: "I am really looking forward to the challenge of my new role and aim to develop further what is already a very strong brand. It is my top priority to ensure that we continue to deliver the very best possible service to our brokers and distributors."