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Stroud keeps advisers in the mortgage loop

Stroud & Swindon has revealed that its online intermediary arm will be called ITL Mortgages.

Stroud has been planning to launch an intermediary lender for over a year but has had to limit plans to just an online offering in the face of the new market.

But it will now be launching the proposition, which will provide mainly prime mortgages, at www.itlmort, on November 3.

Sales and marketing director and ITL Mortgages executive Linda Will helped create Yorkshire’s intermediary transaction website in 2001 and later its intermediary lender Accord mortgages.

She says: “Creating Yorkshire’s online traction site was very tough. Not many people knew about online propositions so it felt like we were finding our way in the dark. It was a lot easier this time round.”

Will says Stroud wanted a name that was different. She says: “It is In The Loop Mortgages, a meaningful name that reminds advisers that they are always in the loop with us. We wanted the name ITL Mortgages to encapsulate why we are a different proposition. It was hard to come up with a name but we hope this enforces our stance.”

Stroud will also be offering buy-to-let mortgages and a self-cert proposition.


Lehman chief berated over huge exec bonuses

The US House Oversight and Government Reform Committee has attacked Lehman Brothers chief executive Richard Fuld for authorising huge bonuses for departing exec-utives in the run-up to the bank’s collapse.

Banking crisis

Continued from p29Only Paul Warburg spoke out against the “unrestrained speculation” and called for Federal Reserve measures to reel in borrowing levels promptly or face “a general depression involving the entire country”.

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In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.


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