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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.”

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