Mortgage Times bosses launch finance venture
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The Mortgage Times Group directors Chris May and Paul Carmody have established a financial planning and asset management firm, Mortgage Strategy can reveal.
The company, Carmody & May, offers property finance, risk planning and business development services among other things.
Carmody & May is not listed at Companies House but the website was set up in November, just before the collapse of Mortgage Times in December.
Its website lists 247 Tottenham Court Road, London as its head office - the same address listed by Mortgage Times.
The website, www.camfinance. com says the directors “personally know the lending industry’s leading figures so have the inside track”. It also states that the firm is able to “identify short and long-term risks which are not necessarily obvious to businesses, and help to manage or mitigate them”.
Under the heading Talented Commercial Mortgage Expertise on the website the firm states its central London location has encouraged the directors to thrive due to a competitive backdrop.
It adds: “The management style adopted by us both has promoted best in class solutions and independent thinking.”
It is unclear whether Carmody and May were operating the company prior to the demise of Mortgage Times.
Mortgage Strategy tried to contact both Carmody and May for comment but was unable to reach either.
Former appointed representatives of the Mortgage Times network are still waiting to hear if they will receive commission they are owed.
An application to appoint administrators for Mortgage Times was made on January 12.
Readers' comments (1)
Jonas | 18 Jan 2010 8:52 pm
The directors did want to launch this in November but it wasn't the right time.
I am told that Chris has been on a ski holiday in Colorado and Paul has been on a golfing holiday in New Zealand.
My friend told me to expect big things in March when everyone has forgotten about Mortgage Times.
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