Monty Burn announces retirement from broking

Mortgage Watchdog chairman Monty Burn has announced his retirement from broking and is to join Mortgage Strategy as a weekly columnist.

Burn, a former MCCB compliance officer, says it is time for him to move on and take a less active role.

He says: “I have taken Mortgage Watchdog as far as I can on limited resources and the company needs to either form an alliance with a mortgage packager or have an injection of funds.

“I am prepared to relinquish ownership of Mortgage Watchdog and will write a weekly column for Mortgage Strategy as I have views on numerous matters in the mortgage and insurance industry.”

Burn has had a chequered career having served as the mortgage compliance officer at the MCRI, the predecessor to the MCCB, where he was sacked for highlighting the scams within the mortgage and insurance industry through his book, The Mortgage Bible.

Branded a whistleblower Burn was soon appointed the resident mortgage expert “The Mortgage Buster” on the Trevor McDonald Tonight show.

Sir Trevor McDonald referred to Burn as “a champion of the people.”

Mortgage Strategy publisher Patrick Ponsford says: “Over the years Monty&#39s contribution to the mortgage industry has been truly remarkable and we&#39re delighted that he has chosen to join Mortgage Strategy with an exciting new weekly column. Watch this space.”

The brand name Mortgage Watchdog will be sold along with the website.