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HML appoints Mark Smith as new MD

Homeloan Management Limited has appointed Mark Smith as its new managing director who says he will be targeting new business from his competitors.

He will report to newly appointed chairman Steve Haggerty, who has been appointed chairman following his promotion to Skipton Building Society group commercial director.

Smith was recently chief operating officer for Barclays retail banking division, prior to which he was Lloyds TSB retail director.

He will commence his duties on September 4 and will spend time at each of HMLs four sites during his first two months with the company.

Smith says: HML has enjoyed an impressive track record under Steve Haggerty and Im honoured to have been invited to take over from him. I am determined to continue the strong positive growth trend of recent years and have my sights set on the goal of supporting 100bn of assets under management in the medium term.

In this regard, key aims include working closely with our existing partners to further develop our and, as a result their, reputation for service excellence; targeting new business from other major lenders in the UK, Ireland and maybe other countries; and ensuring that we continue to be recognised as an employer of choice in communities in which we operate.


Government IHT revenue hits 3.3bn

The Government collected 3.3bn in inheritance tax revenue in 2005/06 and that could rise to 3.6bn over the current financial year, according to data from Halifax. It says there has been a 49 per cent increase in IHT revenue over the past five years.

Intrinsic chooses Key for equity release

Key Retirement Solutions has announced a partnership with Intrinsic Financial Services for equity release referral business.Intrinsic says it wants to ensure the best possible advice for their clients and has chosen Key Partnerships 300-plus advisers.Key business development director Dean Mirfin says: We are delighted that Intrinsic has chosen Key to supply its advisers with an […]

House prices increased 3.9% to August

Average residential values increased by 0.4 per cent over August showing a house price growth of 3.9 per cent for the first eight months of 2006, according to Hometrack.The firm’s latest housing market survey reveals that the north-south divide in house price growth continued throughout August. It says that average house values in London grew […]

‘Car dealers may soon be offering release’

In Retirement Services head of business development Frank McCann says equity release could soon be distributed via credit card companies, utility firms and even car dealerships. McCann believes tradit- ional distributors such as IFAs and high-street banks will increasingly come under threat from new affinity deals with providers, which could also include debt management, travel […]


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