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Global Home Loans appoints chief operating officer

Third-party mortgage administrator, Global Home Loands, has appointed Simon Hinshelwood as chief operating officer.

Hinshelwood&#39s background includes 10 years in Australia, most recently as chief operating officer of Aussie Home Loans, as well as 13 years spent at Arthur Andersen, both in the UK and as a partner in Sydney.

Kevin Meyers, Global Home Loans&#39 chief executive officer, says: “I am delighted that Simon has joined us. His appointment completes the close knit team we have here at GHL. He brings with him invaluable experience, collected over his impressive career, as well as energy, drive and enthusiasm.”

In his new role, Hinshelwood will be responsible for drawing together all operational aspects of the business. His remit will cover loan originations, servicing and business process improvements, and the development of the company&#39s operational strategy going forward.


GMAC-RFC cuts rates across non-conforming range

GMAC-RFC has cut rates on its non-conforming range in the same week as the Council of Mortgage Lenders ranked the outfit 14th in the UK lender market by gross mortgage lending. The General Motors-owned lender has cut rates in 21 areas, including an extension of its 1.25% discount to August 1 2003 on all options, […]

Northern Rock to buy Legal & General banking subsidiaries

Legal & General Group PLC and Northern Rock PLC today announce the sale by Legal & General of Legal & General Bank Ltd (LGB) and Legal & General Mortgage Services Ltd (LGMSL) to Northern Rock for an estimated total of £131m, payable in cash. The transactions, which will generate a pre-tax profit of £36m to […]

Members disagree with CML&#39s call for higher interest rates

The CML was branded “foolish” by its own members last week for calling for a rise in interest rates.Lenders quickly moved to disassociate themselves from comments by CML director-general Michael Coogan, which called for a “modest rise in interest rates to ensure that the housing market is sustainable for the future”.Tim Fletcher, sales and marketing […]

Charcol launches online personal loans service

Charcol is launching an online personal loans service on Friday July 5. The service, available at, offers a range of loans, from providers including Halifax, Marks & Spencer Financial Services, Cahoot, Northern Rock, Nationwide Building Society, Bank of Scotland, MBNA Europe Bank, Tesco Personal Finance and Intelligent Finance. Building on the success of the […]

What triggers the MPAA?

Jim Grant – Senior Product Insight & Technical Support Analyst There’s sometimes confusion around what triggers the money purchase annual allowance. Find out what does and what doesn’t trigger the MPAA. The money purchase annual allowance (MPAA) is a reduced annual allowance that can apply to contributions to defined contribution (DC) schemes. The following table […]


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