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London Scottish Mortgages appoints management team

London Scottish Mortgages has appointed a management team ahead of its planned relaunch at the Mortgage Business Expo in May.

LSM&#39s team will be led by Kevin Cooke as head of secured lending, with Martin Coates assuming responsibility for sales and marketing activity. They replace the previous directors, Mike Rashman and Carl Montlake, who have left the company.

Cooke has a strong track record in the secured lending market, having held senior positions at The Halifax, AVCO and TransAmerica, while Coates is also director of marketing for LSM&#39s parent London Scottish Bank.

LSM says the relaunch will outline its positioning as a nationwide sub-prime lender, rather than a packager, with a wide range of products covering residential and commercial customers and the whole range of properties. Full details of LSM&#39s product range and strategy will be given at the Mortgage Business Expo at the GMEX, Manchester on May 19 and 20.

Cooke says: “The new management team intends to establish LSM as a leading specialist lender for those who find it difficult getting mortgages from the traditional high street banks and building societies.”


Scottish students first to study Financial Planning Certificate

Students at Edinburgh University School of Law are the first students in the UK to have studied the Financial Planning Certificate 1 as part of the financial services module of their Legal Diploma. A total of 116 students sat the exam at the end of last year and 113 passed with an average pass rate […]

Berry Birch and Noble launches equity release division

Berry Birch and Noble, a subsidiary of Berkeley Berry Birch, is launching a specialist equity release division to help clients release the millions of pounds of equity held in property. The specialist advisers from the division will be able to select appropriate products for clients from the entire range of Safe Home Income Plans approved […]

LMS Home Loans to start branded lending for MPLC

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Offsetting could slow the rate-chasing trend

Jan Errington, group mortgage marketing manager, Abbey for Intermediaries The impact of low interest rates cannot be overlooked when considering the remortgage market. Short-term fixed rates and discounted deals have proved popular as people switch lenders to take advantage of the best deals available. However, the Miles report has called for more attractive long-term offers. […]

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Pensions: trouble ahead?

The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath. 


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