Mortgage Trust got the year off to less than convincing start.
Talking up the prospects for buy-to-let mortgages, it has sent out a press release saying that 70 per cent of brokers think business will exceed 2006 levels but the accompanying graph for some reason says that 56 per cent think business will increase.
It also claims that 38 per cent of advisers think buyto-let business will be over 25 per cent more than last year. The Money Marketing calculator seems to think that 6.3 and 12.5 only makes 18.8.
Was there a bit too much Christmas sherry consumed by the PRs at Mortgage Trust?
R It seems that a well known chief executive of a support service provider might have lost his festive spirit somewhere between Manchester and Portugal.
There are rumours from a watertight source that the chief fancied himself as a certain Danny Zuko from Grease and there is photo evidence out there somewhere of the Travolta-esque one surrounded by Pink Ladies.
Despite MM’s best efforts to acquire the evidence, the organisation in question was less cooperative.
Perhaps next December, then, when festivities once again replace sensibilities?