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AWD UK announces management buy-out of Home Finance

AWD UK Group has announced the sale of mortgage and loan arm Home Finance to its existing management team.

The company, which is led by managing director by David Fuher, is to be renamed Carrington Carr Home Finance Ltd and will continue to operate from its base in Leicester.

Last month AWD UK Group announced that it was to sell Home Finance alongside its at-retirement business Read, in a bid to focus on Wealth Management.

AWD Group chief executive officer Mike Kirsch says: “We are pleased to have been able to quickly conclude a good deal for both AWD and the ongoing Home Finance business. In these difficult trading conditions it is important to provide as much certainty as possible. AWD Chase de Vere and Carrington Carr Home Finance Ltd can now enter 2009 with real clarity and focus.”

Fuher says: “My Co-directors and I are very pleased to have been able to complete the purchase of AWD Home Finance within 1 month of the formal announcement of its offer for sale. Our thanks go to AWD Group Plc for their help in achieving this smooth transfer of ownership affording all of our employees, our customers, and our business partners a degree of certainty during a very turbulent period.



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Dear Santa, I am writing to you with my Christmas wish list of all the things I would like to happen to the mortgage and housing markets in 2009.


MPAA consultation

By Fiona Tait, pensions specialist The chancellor’s announcement of proposed cuts to the Money Purchase Annual Allowance means it will be more important than ever to be able to tell your PCLS from your UFPLS What was in the statement? Not much. The chancellor spared three sentences to inform us that the Money Purchase Annual Allowance will be reduced […]


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