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Savills buys specialist broker Sherwins

Savills Private Finance is acquiring specialist broker Sherwins Mortgage Services for an undisclosed sum. Sherwins specialises in mortgages for the affordable homes market. Sherwins, which usually focuses on the south east of the UK will now be expanding nationally.

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Mortgage Trust appoints new business development manager

Mortgage Trust has appointed John Clements as business development manager with immediate effect. Clements will be reporting to head of sales and marketing Austin Jelfs and will focus on enhancing intermediary relationships in the south west. He joins from Marlborough Stirling. He says: “I am delighted to join Austin and his team at such an […]

MBO of Saga for for £1.35bn

The management of Saga has agreed a management buy-out of the company for £1.35m. Under the buy-out &#45 brokered by Charterhouse – staff will get the opportunity to become shareholders and the executive management team will remain unchanged.

Marlborough caps it up

MARLBOROUGH FUND MANAGERS Marlborough UK Micro Cap Fund Type: Unit trust Aim: Income and growth by investing in UK smaller companies with a market capitalisation of less than £50m Minimum investment: Lump sum £1,000 Investment split: 100% in UK smaller companies with a market capitalisation of less than £50m Isa link: Yes Pep transfers: YesCharges: […]

Depolarisation may be brought forward

Depolarisation is likely to take place in December, a month earlier than the market has been expecting. FSA sector manager (retail intermediaries) Paul Rich says the final rules should be out by the start of December, with depolarisation being implemented later in the month. There will be a six-month transitional period when the market can […]

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