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Chafer quits the industry

Stroud & Swindon commercial director Paul Chafer, 38, has quit the society to take a chief executive position outside the mortgage industry.

Midlands-based Chafer, the youngest ever director of a society, was having to make a three-hour round trip to S&S’ head office in Swindon each day and it was the commute that finally got to him.

Full details of Chafer’s new role are due this week. Rob Clifford, managing director of mortgageforce, says: “Paul is one of the most dynamic and focussed guys in our market and it’s a shame that he’s not going to be so closely involved any more.”


MfB partners with Commercial 1

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Packagers must be kept in the loop

Over the past few months it has become apparent that lenders are splitting into two camps. On one hand you have firms that are still lending in vast quantities. On the other you have lenders limiting the amounts on offer. Most providers sit somewhere between these extremes.

Adding up the commercial benefits

One of the fundamental questions asked by commercial lenders when assessing loan applications is whether the business is profitable and represents an acceptable risk.

February house prices down 0.1%, says Halifax

Property prices fell by 0.3% in February Halifax has revealed in its latest house price index.But it says that despite the fall prices are still 0.2% higher than in Q3 2007.The average price of a UK home in February was £196,649. Martin Ellis, chief economist at Halifax, says: “While the housing market has slowed over […]


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