Louise Young joins from Masthaven, having served as senior underwriter at the bank since January 2012.

Meanwhile, Paul Mann formerly served as residential and commercial collections manager at Aldermore Bank before a four-year spell as senior mortgage underwriter at Saffron Building Society.

Graham Macaulay, head of core credit at Octopus, said: “We are delighted to welcome Louise Young and Paul Mann to our ever-growing credit team.

“Both are perfect recruits for us, experienced in our industry and well known and liked by our broker community.

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“Due to our ever-growing and improving product range, it is imperative that we continue to hire the very best-in-class credit managers and with Louise and Paul that is exactly what we have done.”

The appointments come amid a major overhaul of the Octopus product range, which has so far included rate changes to its refurbishment and residential bridging offerings.

Earlier this month, Octopus celebrated breaking a monthly record after completing around £80m of loans in March.