Former Mortgage Code Compliance Board compliance officer Monty Burn – the self-styled fighter of the good fight – is retiring as chairman of broker Mortgage Watchdog.
Burn says he has taken Mortgage Watchdog as far as he can on limited resources and believes it now needs to form an alliance with a mortgage packager, have an injection of funds or both.
He is selling the Mortgage Watchdog brand name along with the website. He is considering other job options for himself such as becoming a freelance journalist.
Highlights of Burn's colourful career include being sacked while working as the mortgage compliance officer at the MCCB, after publishing his book The Mortgage Bible which lifted the lid on scams within the mortgage and insurance industry. He was then appointed as the Mortgage Buster on the ITV programme Tonight with Trevor McDonald.
He also developed a personal money management course.
Burn intends to continue putting forward his views on the mortgage and insurance industries through the trade press and national media, most likely on a consultancy basis.
He says: “I have spent the last five years helping consumers who have found themselves in financial difficulty. No matter how much money you have, no one likes being ripped off and I have endeavoured to prevent people from falling victim of the unscrupulous.”