Chetwood Bank to open Manchester office amid national expansion

By Vriti Gothi

Chetwood Bank is set to open a new office in Manchester, as part of its national expansion strategy and reinforcing its commitment to regional investment, operational resilience, and scalable growth.

The Manchester hub is set to support a growing number of roles across mortgage operations, technology, and risk, and will serve as a strategic anchor as the bank continues to grow its specialist lending and savings propositions. The expansion follows a period of exceptional momentum for Chetwood, with the bank’s balance sheet surpassing $6.7 billion, up from $4.2 billion in March 2024 and $5.4 billion by May 2025.

Chetwood’s Manchester office will play a key role in supporting the bank’s flagship intermediary mortgage brands, ModaMortgages and CHL Mortgages for Intermediaries, both of which have seen rapid adoption among brokers seeking specialist lending expertise paired with digital simplicity. The bank’s growth has also been supported by several forward-flow arrangements and a £2 billion investment portfolio that includes senior positions in warehouse financing structures, enabling broader support for UK consumer and SME lending markets.

This physical expansion complements Chetwood’s digital operating model, which offers customers a seamless experience across savings and mortgage products. Recent enhancements to its savings platform include the addition of easy access accounts and ISAs, alongside its established suite of fixed-term deposits—giving customers greater choice, flexibility and competitive returns.

As it expands its national presence, Chetwood Bank remains focused on scaling responsibly, deepening broker partnerships, and continuing to deliver simple, fair and technology-enabled financial products to a growing UK customer base.

Paul Noble, CEO of Chetwood Bank, said: “The speed with which we’ve crossed the £5 billion mark shows that our straightforward approach to savings and mortgages is resonating with customers and brokers alike. By pairing specialist-lending expertise with a disciplined treasury strategy, we’ve built a resilient, diversified balance sheet that sets us up for sustainable profitability, and we’re still building momentum.”