James Walton, intermediary sales manager at Alliance & Leicester, is to leave the lender after 10 years to form his own mortgage brokerage.Walton, who has worked as a broker previously, will leave A&L in January, along with Andrew Sears, a senior business development manager at A&L. Walton’s new business – James Lea Financial Services – will be based in Uxbridge in west London, and will focus on mortgage and protection products. Walton will open the business in January with a business partner who has also worked in the industry and has investment experience. It is not yet known where Sears is moving to but Walton says A&L has already found his replacement. Walton says: “I will be leaving A&L next January to set up a brokerage. I have a good relationship with Mehrdad Yousefi, head of intermediary mortgages at A&L, which will continue.” Andy Wilgoss, managing director at Square Mile Mortgages, says: “We have recently increased the business we place with A&L as a result of its competitive pricing. But if A&L wants to fully embrace the London broker market it must enhance its intermediary offerings.” Sally Lauder, spokeswoman at A&L says: “We have a good relationship with our employees and wish James every success for the future.” Lauder was unable to comment on who Walton’s or Sear’s replacements will be.
Paymentcare has welcomed the announcement by The Office of Fair Trading that it will be launching a probe into the selling of Payment Protection Insurance.Shane Craig, managing director of Paymentcare, says: We have long campaigned for an OFT investigation into the selling of PPI by the major High Street providers.Consumers have for far too long […]
Ben Stafford is leaving the Association of Mortgage Intermediaries to become policy adviser for regulation and distribution at the Association of British Insurers. Stafford, who has been head of policy at AMI for the past two years, will join the ABI in mid January.He says: Its been a real privilege to work with Chris and […]
John Mawdsley, director of The Mortgage Partnership, Ian Nelson, chairman of BDS and Andy Linnett, director of LMS Specialist Mortgage Services, have revealed the Professional Mortgage Packagers Alliance is reforming. Following detailed discussions with all concerned parties it has been agreed that the PMPA will be reconstituted with several changes to its constitution. Members now […]
With building societies’ margins under pressure, greater scale and more diversification will be needed if the sector is to survive to serve future generations, says Graeme Johnston
What does a well-diversifed portfolio look like? What were the quarterly trends in model portfolios in Q4 2015? The Portfolio Barometer highlights trends uncovered by analysis of 210 model risk-rated portfolios managed by UK financial adviser and wealth management firms in the three months from October to December 2015. The model portfolios under review were […]
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