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While on the subject…

While on the subject of Godiva Mortgages, the Diary wonders if some modern-day Godiva were to ride naked round, say, the Intermediary Mortgage Lenders Association dinner in protest at outrageous arrangement fees or stamp duty – would the males of the mortgage industry manage to look away and keep her dignity? The Diary, believing very much in human nature, thinks they would.

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Philip Williamson

Nationwide’s outgoing chief executive recalls how he took a £45,000 pay cut in his enthusiasm to join the society in 1991. Since then, he has helped to double its mortgage book and gain a reputation for fairness with customers and staff. When he departs this week, he will leave the UK’s most prominent mutual poised to become the country’s second-biggest lender. Interview by Guy Anker.

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