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Bankhall Mortgages appoints head of mortgages

Bankhall Mortgages announces the appointment of its first head of mortgages Richard Howells.

The Bankhall mortgages division includes Premier Mortgage Service and Norwich Unionj Mortgage Club, both acquired by Bankhall along with Point One and Intermediary Mortgage Direct.

Howells will work closely wih John Malone and will report to group business development director Peter Mann.

Howells says: “Integrating our acquisitions with the existing mortgage operation will be relatively straight forward so my focus will be on identifying and developing tangible benefits for members as a result of our scale and unique strategic position within the mortgage market.”


Bond failings cost Capita £300k fine

The FSA has hit Capita Trust Company, formerly Royal & Sun Alliance Trust Company, with a £300,000 fine for misselling precipice bonds. It says the company advised a total of around 500 clients to invest in a variety of precipice bonds between June 1997 and September 2002 and these clients suffered losses which totalled around […]

Wilson pledges market balance

FSA director of high-street firms Sarah Wilson says the regulator will do all it can to maintain an innovative marketplace for mortgages after M-Day. Wilson told Money Marketing that the new regime – which takes effect from November 1 – would endeavour to balance the need for consumer protection with the maintenance of a wide […]

Enterprise Homeloans receives FSA authorisation

Enterprise Homeloans announces it has received formal authorisation from the FSA to be an arranger. Enterprise is a private company specialising in the marketing and packaging of non-conforming morgages for the Zurich Advice Network and the Zurich Mortgage Network. Enterprise chief executive Michael Clapper says: “In light of the sentients throughout the industry, it would […]

Pressure points for M-Day

Mortgage Day is upon us and the last frantic efforts to comply with the FSA regime are under way. What is clear is that some organisations are in a much better state than others. The pressure points are obvious – key facts illustrations, pressure on sourcing systems and new broker networks which may not achieve […]


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