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DB says staff fallout ‘is to be accepted’

DB Mortgages managing director Bill Dudgeon admits he will struggle to keep all his staff happy at the start-up company.
His comments come after a senior source told Money Marketing that at least one high-profile figure at DB has approached his former employer at The Mortgage Business about returning to the HBOS-owned lender, amid rumours that other staff are also considering their futures at DB.

Former TMB directors Dudgeon, Mark Bergin, David Parry and Paul Graham left the business in September 2005 to join DB. Another 14 made the same move in March.
DB, which has nearly 120 staff, has come under the spotlight over the last few weeks after complaints from brokers of poor service.

Dudgeon says: “When people join a new company, you get a fallout so we will get people leaving us. That is part of starting up a new company. It is not the same as working for an established company and it is not everyone’s cup of tea. I am sure the four of us that made the initial move have made the right decision.”

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The big news of the week has undoubtedly been GMAC’s announcement that it is the first lender to offer point of sale offer to customers.

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