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CML elects NatWest&#39s Wise as chairman

NatWest Mortgage Service managing director George Wise has been elected chairman of the Council of Mortgage Lenders.

Following the executive board&#39s annual election he succeeds head of Midland Mortgages John Massey who served as chairman from January 1998.

Wise has been with NatWest for almost 40 years and became managing director of the mortgage arm in February 1995. He joined the CML executive committee in March 1995 and served as deputy chairman in last year.

Halifax deputy chief executive Gren Folwell and Nationwide Building Society marketing & commercial director Philip Williamson have both been elected deputy chairmen.


Tories plan pensions attack in Commons today

The Tories plan to take the Government to task for its confused pensions policy in a Opposition day debate in the Commons this afternoon.Shadow Social Security Secretary Iain Duncan Smith will hit out at the disagreements between the Treasury and Department of Social Security over stakeholder.They will also crank up their attack on the abolition […]

MPC cuts interest rates by 0.5 per cent

The Bank of England Monetary Policy Committee is cutting interest rates by 0.5 per cent.The fifth consecutive cut brings rates down to 5.5 per cent. The decision has been welcomed by the Council of Mortgage lenders.CML director general Michael Coogan says: &#34While there is some question about how much further rates can fall this latest […]


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