View more on these topics

Knight may hold off to 2011

Checkmate Mortgages executive chairman Stephen Knight says he will wait until 2011 if he has to before launching the firm.

Knight, who was set to launch the lender at the start of 2009, has had to delay the move due to tightening credit markets and the mortgage market downturn.

He says: “I have looked at launch dates in 2009, 2010 and even 2011 – if I have to wait that long, I will do.”

Knight says no funding agreements have been made yet but the company will continue to search for funding partners in the new year.

Hamptons managing director Jonathan Cornell says brokers will welcome any new entrant to the mortgage sector, whenever they might arrive.

Recommended

Time to get infra the upturn

What a terrible year it has been and very well encapsulated in one fund, JM Finn global opportunities. It focuses on infrastructure projects like power and shipping, in fact, anything that is vital if the industrial revolution in emerging markets is to continue. Of course, it was always going to be a bumpy ride but I did not expect it would get so volatile so quickly.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com