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The mortgage mole


l regulated presents It has become commonplace for the Financial Services Authority to be under attack after a series of controversial proposals but few have had the nerve of the Institute of Economic Affairs.

The cheeky think tank sent FSA chairman Adair Turner a book entitled Does Britain Need a Financial Regulator? by Terry Arthur and Phillip Booth. Unfortunately, Mole doesn’t know whether Turner is considering the question. But FSA chief executive Hector Sants fared better as he received a bottle of William Fevre Chablis wine from Alan Yarrow, chairman of the Chartered Institute for Securities and Investment.

With prices for the crisp white ranging from around £30 to hundreds of pounds, Mole thinks the Institute of Economic Affairs may have a point.
l boxing clever Since the credit crunch hit it has been difficult to get a decent return on your money but Peter Gwilliam, owner of Virtus Search, managed to do just that last week, and all in the name of charity.

Gwilliam bought a boxing glove owned by Frank Bruno at a charity auction in Wolverhampton three years ago and last week he donated the same glove to the Broomstick Ball auction to raise money for Cancer Research UK.

Gwilliam paid £280 for the glove originally but last week it sold for the heavyweight sum of £1,000.
The Broomstick Ball is an annual event run by Deirdre McManus and during the past 12 years has raised more than £1m for the cancer charity.
Well done to everyone who donated time and money to such a good cause.


Law firm offering £20 leads voucher for cases next year

Goldsmith Williams is giving away a £20 Leadbay voucher for every re-mortgage or conveyancing case that completes through it on or after January 4 2011. The offer is being launched at this week’s Mortgage Business Expo in time for brokers to acquire leads and start the mortgage process before January. There is no limit to […]


Criminals are homing in on legal firms

Shock, horror – criminal gangs are doing their utmost to hijack legal firms. No, I’m not talking about a sequel to John Grisham’s The Firm. This is something much bigger that has the potential to become a major problem for the legal community and law enforcement bodies – particularly the Solicitors Regulatory Authority whose job […]

A question of service

Roy Armitage, head of credit, LendInvest Selling a loan is the part of a lender’s workload most visible to brokers and borrowers. Just as crucial – but less frequently observed – is how that lender services that loan. A commitment to quality servicing is one that’s front and centre for us at LendInvest and it’s […]


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