INNOVATIVE online mortgage company Moneygate (www.moneygate.co.uk) has kicked off its recruitment drive with key appointments as it develops its already national operation

The company recently announced plans to create more than 40 new jobs as part of an extensive expansion programme at its Tyneside-based headquarters on top of a recruitment drive to grow its national network of advisors to 150.

Business is booming for the firm – which aims to save its customers a total of £1 million every month thanks to its groundbreaking Active Mortgage Management service.

Under the innovative plan customers simply pay a nominal one-off fee when setting up their mortgage and then receive the benefits of a team of dedicated advisers that operate real-time systems to constantly search for the best financial products for the lifetime of the mortgage.

The success of the scheme had led to aggressive expansion plans which are now being accelerated with the appointment of new Commercial Director Alick Campbell.

Moneygate is now in the process of appointing six regional directors to oversee the training and growth of the advisor teams across the country.

Alick, 46, has held directorships in Coats Viyella and Dawson Plcs during a 15 year career in international manufacturing.

With an MBA from London Business School, together with extensive managerial experience in Asia, the UK and Europe, Alick has built successful businesses across the highly regulated medical and cosmetic fields, as well as others in the retail sector.

Mr Campbell added: “I am delighted to be joining Moneygate at a very exciting phase for the firm. The company launched on a firm footing and has gone from strength to strength since then.

“The excellent growth to date coupled with future plans for the company looks set to change the way people in this country arrange and manage their mortgages.”

The Active Management Service is proving to be a winning formula as Moneygate (www.moneygate.co.uk) is on track to deliver a turnover of £7 million in this financial year which has provided the platform for the current growth plans.

Dennis Reed, Sales Director, commented "We are very excited at the prospect of Alick joining our management team. His international operational and marketing experience will help us build on business success to date and deliver the next phase of our expansion."

The firm also plans to launch a graduate recruitment programme in October, where staff will be trained in-house to become fully qualified financial planners.

Moneygate (www.moneygate.co.uk) has its national headquarters South Tyneside and has already created 60 financial adviser positions across the country over the past nine months, supported by 30 staff at its head office in Tyneside.

ENDS