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New legal appointment at Cheltenham & Gloucester

Cheltenham & Gloucester has announced the appointment of Noel Riossi to the position of commercial lawyer.

Riossi joins C&G&#39s in-house legal team, where his main responsibilities will include the negotiation and approval of external contracts, data protection and property issues.

After qualifying in 1987, Riossi spent two years in private practice in the Midlands before moving to Gloucestershire and taking an in-house position with the Nationwide Building Society as head of litigation in 1992.

Riossi cites the lengthy daily commute from the Forest of Dean to Swindon as a big factor in the switch, saying: “I am looking forward not only to the new challenges that my role with C&G will present, but I am also hoping that I will be able to spend more time with my wife and CD collection and perhaps even my beloved Everton FC.”


Lenders accused of profiteering on protection insurance

A survey of the UK&#39s ten largest mortgage lenders reveals that, while falling over themselves to offer keenly priced mortgage deals, the same cannot be said about insurance and MPPI products. The survey, conducted by Essex-based protection broker Goodfellows, found that the average cost for key benefits including 60-day excess, 12 months benefit, no free […]

Umbrella extended to cover mortgage intermediaries

Intermediaries who advise and arrange regulated mortgage contracts will be covered by the appointed representatives regime from 2004. Last Thursday, the Treasury said respondents to the original consultation document had no fundamental objection to extending the regime to mortgages. But it did say many were concerned with the detailed rules that may surround the regime. […]

Preferred Mortgages adopts Lynx banking solution

Lynx Financial Systems has announced that Preferred Mortgages has purchased Summit, the modular retail banking solution from Lynx. Preferred has also purchased the Lynx debt management system, Portfolio Collect. The Lynx systems aims to further improve customer service levels to borrowers and to intermediaries, including mortgage brokers, mortgage packagers and IFAs. Phil Hopes, financial director […]

My Mortgage Week – Brian pitt

Monday: Disaster strikes first thing this morning – my electronic personal organiser decides to reset to January 1 1999, thereby wiping off all my databases and appointments. I&#39m forced to revert to the back-up plan of the cumbersome desk diary and stacks of business cards. The main meeting of the day is – I hope […]

The return of inflation

Alex Ralph, manager of the Artemis High Income Fund, sees further pressure on government bonds as inflationary pressures build on both sides of the Atlantic.


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