Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.
SDKA appoints Alex Swan as head of underwriting in team promotions
Short-term specialist finance lender SDKA has appointed Alex Swan as its new head of underwriting. Chris Simpson, an underwriter at the lender since March 2025, has been promoted to the senior underwriter position vacated by Swan.
Swan joined SDKA in May 2023 as an underwriter and has progressed through the ranks to a senior leadership role. In his new position, he will oversee the underwriting function and play a key role in the future direction of the business.
Promotions follow stable financial year
SDKA said the appointments come off the back of another successful financial year. Between March 2025 and March 2026, the lender's pre-tax profits remained stable at circa £3.3m. Loans written over the period ranged from £28,000 to £2.275m, with an average of £258,000 per transaction.
What the lender says
Kunal Mehta, managing director of SDKA, said that as the business looks ahead and plans for growth, it needs the best people and a widening remit of competitive short-term finance products to be in the best possible position to meet its targets. Alex, Chris, Josh and Sharon had played a pivotal role in SDKA's growth over the last few years, he said, and their progression reflects the strength of the team, with their experience and expertise set to be invaluable as SDKA continues to grow.
Why it matters for agents and clerks
For UK letting agents and inventory clerks working alongside landlords and property investors, the stability of short-term lenders such as SDKA, which writes loans averaging £258,000 per transaction, is relevant context when clients arrange bridging or other specialist finance to fund purchases, refurbishments or portfolio moves.
Source: Mortgage Solutions