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Chilton team starts from scratch

Mark Chilton has assembled a team of advisers new to mortgages to be at the forefront of his new national broker business Purely Mortgages.

Chilton says he carefully selected people who have a cultural fit to learn from scratch how to sell mortgages rather than adopt the hard-sell practices of many mortgage brokers.

The 23 consultants all have a financial services background and will go through an intensive seven-week Cemap programme in July and August. Chilton hopes they will soon be able to turn around a rem-ortgage in five days.

Purely Mortgages will launch later this year. It will be offering mainstream products as well as buy to let and sub-prime mortgages on a fee-free basis.

Chilton has recruited Ian Giles, formerly from Mortgage Trust and First Active, as marketing director, Colin Bell, ex-Charcol, as sales and operations director and Neil Prit-chard, formerly from Savills, as IT director.


Commission wish

I have had a dismal year so far. I have paid an architect £6,000 in fees for plans for a job which he estimated would cost me £50,000. The best builder&#39s quote so far has been £158,000 plus VAT. I pay my accountant a monthly service fee. He has ignored my last two emails (six […]

FSA should make financial services firms more responsible – FSCP

The FSA should push financial services companies to take more responsibility for the way they treat consumers says the Financial Services Consumer Panel. In its Annual Report the FSCP calls on the industry and FSA to take more responsibility for the way that consumers are treated, if consumer confidence in the industry is to be […]

RBS chief Goodwin is knighted

The Queen&#39s birthday honours list saw Royal Bank of Scotland group chief executive Fred Goodwin receive a knighthood. A CBE was awarded to Britannia Building Society ex-group chief executive Graham Stow while former FSA managing director Carol Sergeant was awarded a CBE and director Oliver Page an OBE, both for services to financial regulation.

Diva dances among hedge funds

Premier Fund Managers has established a capital-protected product linked to a fund of hedge funds during a five-year term. The Premier Diva Growth Plan provides 70 per cent of any growth in the Barclays Global Investors Diversified Alpha Fund 1 during the term. Investors will also get their original capital back regardless of the performance […]


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