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Lofthouse new chief at Brain

Trading platform Mortgage Brain has named former managing director of

the Assuresoft portal Mark Lofthouse as its chief executive.

Lofthouse, 41, one of five directors to leave DBS&#39s portal following

its acquisition by Misys last July, says the equ-ity backing given to

Mortgage Brain by six major lenders makes it an attractive

proposition for intermediaries.

He says he plans to ann-ounce the appointment of a chief technical

officer shortly and will then decide how the platform will be

developed for mortgage intermediaries.

Lofthouse says: “At the moment, there are a number of players vying

to become the leading platform. It will be the intermediaries who

decide the winners so we have to make sure we deliver what they want.”


Ready for action

Abbey National&#39s decision to take a stake in mortgage platformIFonline sets it apart from competitors Halifax and Nationwide whichhave sided with rival platform Mortgage Brain.The move also surprised some industry sources who say Abbey had vowedto concentrate on developing its own broker site rather than investin external technology.But Abbey head of e-commerce Neville Sharman denies […]

Principality Building Society fixed mortgage

Fixed term: until 31/03/05Fixed rate: 4.99%Minimum loan: £5,000 Maximum loan: up to 75% of valuationIncome multiples: 3.5 times principall income and 2.5 times jointRedemption fee: 2% of advance for three yearsArrangement fee: £299Conditions: daily interestIntroducer fee: standard 0.34%, negotiableTel: 0800 328 1717

Home is where the CGT is

Harvey lives in the Middle East and is planning to retire in the UKfairly shortly. He is over 65. He has a property in London which hasa substantial capital gain on it,along with a portfolio of offshorefunds that has also substantial accrued gains.He is anxious to consider what might be done before returning to theUK. […]

Links boost L&G sales

Legal & General&#39s new business leapt by 27 per cent in 2001following strong UK fourth-quarter sales through its tie-ups withAlliance & Leicester and Barclays.New business reached £801m on an equivalent prem-ium incomebasis from £630m in 2000, with UK business rising by 32 per centto £710m from £536m after ales in the three months toDecember shot […]

A bull case for US equities?

Neptune video: a bull case for US equities?

Watch Felix Wintle, head of US equities at Neptune, discuss why he believes US equities are in a structural bull market and the key factors that can drive the S&P 500 higher.

In the video, Wintle addresses the following:

• The US market and why — despite equities rising from 2009 — he believes the structural bull market only started in 2013
• Key economic and corporate factors that can drive the S&P 500 higher
• Investment themes and sectors offering exposure to the domestic recovery


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