Mortgage Next director Mal McConechy has quit the company after eight years to pursue other interests.And rumours are rife that more departures are on the way. One source tells Mortgage Strategy: “McConechy has left Mortgage Next and it is thought others are set to leave as well.” But Justine Tomlinson, marketing director at Mortgage Next, says McConechy, who was lender partnerships director, will be the only departure. She says: “I can confirm that Mal has left to pursue other interests and that it was his idea to leave. He has been a loyal and committed employee for the past eight years. He has greatly helped in making the business the success it is today. We wish him well for the future.” Mortgage Next says it is recruiting and has plans to make further appointments to enhance its proposition to appointed representatives and directly authorised brokers. Dev Malle, head of operations at Pink Home Loans, says McConechy has been one of Mortgage Next’s most important personalities and will be missed. Malle says: “Clearly Mal has been one of the important personalities at Mortgage Next and he is well known throughout the industry. We have a good relationship with both him and Mortgage Next. “I have no doubt we’ll be seeing him in a sales role in the industry soon and wish him every success.” McConechy has been with Mortgage Next since its launch in April 1996 when he joined as sales director. In September 2004 he was given the newly created role of lender partnerships director, making him responsible for managing the lender panel and ensuring the company’s lending proposition operates within financial promotions guidelines.
Small brokers have branded Financial Services Authority workshop costs “horrendous”. The FSA has embarked on a series of workshops to help brokers understand issues such as Treating Customers Fairly and complaints handling, but a one-day workshop can cost a broker as much as 464. Brain Bates, sole trader with Look Mortgages, says the FSA does […]
The majority of advisers believe the equity release market will continue to grow over the next six months. A survey by Norwich Union Equity Release reveals 87% of advisers expect to be writing more business in the next six months compared with 75% a year ago. The 200 advisers who took part in the poll […]
Construction activity continues to rise, with the private housing sector seeing the largest increase, a survey from the Royal Institution of Chartered Surveyors says.
It was a pretty quiet week for rate changes but we did see the best rates of the year being launched. One-year money is down 0.02% at 4.54% Two-year money is down 0.03% at 4.49% Three-year money is down 0.01% at 4.52% Five-year money is up 0.02% at 4.56% While I was impressed to receive […]
Those of you who have read any of the political manifestos over the previous weeks may have noticed one glaring omission from all the publications: the subject of welfare reform and the role that income protection could (and probably should) play in this process.
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