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Mortgages plc appoints two new sales managers

Specialist lender Mortgages plc has appointed two senior sales people as part of the restructure of its sales and marketing team.

Mark Harrison and Bryn Hancock take up the new positions of regional managers for the north and south of the UK respectively.

Harrison joins from Bank of Ireland where he was corporate lending manager and Hancock joins from Australian broker, Mortgage Choice where he was national sales manager.


Plan for cooling-off period on remortgages scrapped

The FSA has abandoned the idea of introducing a cooling-off period for remortgages after the industry said it did not make sense in the mortgage market. In feedback to CP98, the Draft Mortgage Source-book, the regulator said it was scrapping its plans. The industry said there is no justification for a cooling-off period because consumers […]

Man from the Pru on way back

The man from the Pru could be resurrected as the firm looks to launch an online wealth management service with access to direct advisers.The return to a direct distribution strategy follows a comprehensive review under new director of strategy Nick Smith. Pru is said to be considering spending up to £100m on development, marketing and […]

NIBi – Target Return Fund

Thursday, August 22, 2002Type: Fund of hedge fundsAim: Growth by investing in hedge fundsMinimum investment: Lump sum £20,000, US$ 25,000Place of registration: Isle of ManInvestment split: 100% in hedge fundsIsa link: NoCharges: Initial up to 5%, annual 1.75%Commission: Subject to negotiationTel: 01624 630300

UCB Home Loans research shows increase in self-cert lending

The self-certification mortgage market is the biggest niche area for intermediaries according to research from specialist lender UCB Home Loans. Its 2002 Mortgage Achilles survey of 250 intermediaries by research company BDRC reveals 93 per cent of intermediaries who handle specialist and niche mortgage products deal with self-cert. This is a rise of 13 per […]


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