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So heartbreaking to read of Ollerenshaw’s car plight

I read about Blackandwhite chairman Chris Ollerenshaw’s recent misfortunes with interest (Mortgage Strategy March 3), especially the heartbreaking loss of his classic car collection – a sacrifice he made to keep Blackandwhite afloat.

It must be hard for him to part with such luxuries afforded by the firm that is now taking them away. Reality check for Mr Ollerenshaw’s table, please.

Let me think – lose your material possessions to maintain your moral standing or stick two fingers up to the employees who have given you the chance to own such lovely vehicles – it must have been a tough decision.

I’m sure that while most of the broking industry scrapes the barrel to stay in business each month, they will spare a thought for Ollerenshaw’s unhappy situation.

Chris Thalha
By email


TMO in management buyout

The Mortgage Operation has undergone a management buyout after blaming its private owner for falling short of contractual obligations. Adrian Stahl, marketing manager at TMO contacted brokers today saying the packager had also suffered from its association in 2007 with Victoria Mortgage.Stahl says: “It was hoped that the new private owner, who took over in […]

We did not cry crocodile tears over LMS’ demise

In response to Chris Gardner’s recent letter, I’d like Mortgage Strategy readers to know that KGB Packaging has delivered genuine benefits to the brokers who approached us for help follow-ing the collapse of LMS Packaging.

N&P names eco winners

A Brighton couple who transformed a derelict builder’s yard into an eco-friendly home have won Norwich and Peterborough’s 2008 Eco Self-Build competition.N&P praised Jackie Strube and Alan Stone for creating a home that combines clever design with environmentally friendly performance.The couple’s single-storey, two-bedroom timber frame home is insulated with sheep’s wool and covered by a […]

Commercial firm appoints broker

Mortgages for Business has named Commercial 1 its exclusive brokerage for secured loans and bridging finance, in line with plans to grow its broker proposition.

Simon Fletcher

Auto-enrolment: pay attention or pay the price

By Simon Fletcher

As a chief executive officer of a business in the financial services sector, I have been dealing with the introduction of auto-enrolment for our clients for some time, but I can also speak from an employer’s point of view, having to go through the process ourselves.


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