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Loan move by Holden Meehan

Regional IFA Holden Meehan is moving into the mortgage market following the recruitment of Stephen Smith as mortgage manager.

Smith, who was at Sedgwicks, has been appointed mortgage manager in preparation for the launch of a specialist division next year. The firm estimates its mortgage division will generate up to £80m over the next 18 months.

The move comes on the heels of national IFAs Towry Law and Hargreaves Lansdown setting up mortgage divisions in recent weeks.

Smith says: ” As a mortgage specialist, I would not expect to keep up with all the investment products on the market. There is a need for specialist advice, with about 150 mortgage lenders and 2000 interest rates.”


Regulations on money laundering

I would like to know how over 50 per cent of the adult population can ignore the money-laundering regulations. I refer to the shoppers who spends hundreds of pounds per month in places of doubtful repute called “supermarkets” without challenge.Such expenditure clearly exceeds the regulation benchmark of what many clients spend on insurance and financial […]

First-time seller

Any broker entering the mortgage market with the aim of becoming “the best place in Britain to buy a mortgage” is not lacking confidence but reticence has never been associated with Hargreaves Lansdown.The IFA, a high-profile and sometimes controversial name in the areas of investment and pensions, is in the process of recruiting advisers for […]

Anger at Lamensdorf as accounts are postponed

Lamensdorf IFA has been slammed by shareholders for refusing to call an EGM and postponing filing its accounts after its failed flotation and the aborted acquisition of Essential Mortgages earlier this summer.The firm has blamed stockmarket volatility for its failure to list on AIM.The deal to acquire Ess-ential Mortgages, which depended on a successful flotation, […]

11% think advice is free

One in nine people think that financial advice is free, according to research by RJ Temple.The survey, which questioned 671 members of the public throughout the country, found that although IFAs have been disclosing commission for several years, only 17 per cent realise that advisers can routinely take a percentage of an investment.However, 15 per […]


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