Brian Pitt has put the record straight about his resignation as director of sales and operations of Beacon Homeloans and revealed that he has been released from his non-compete contract following an amicable split.Pitt was rumoured to have quarrelled with long-time partner and fellow director Mark Abbott and resigned in protest, despite the dynamic duo’s entwined career histories at both Beacon and Future Mortgages. But Pitt says: “I had been involved with Beacon for three years and for me the split was about needing a change of scenery.” Following negotiations with the board, he is not contractually required to take gardening leave and is able to pursue his career as soon as the right opportunity comes along. Pitt also says he has been approached both officially and unofficially about possible moves. He adds: “I’m keeping my options open but have had several phone calls from people wanting to use my experience.” Although Pitt is not being replaced at board level at Beacon, Clive Wilson is moving from the packaging business to head the sales operation at the lender. Pitt adds: “I switched off the phone last week while I was away which was glorious, but now I’m back in the country and ready to get back in the saddle.” • See Mole
Abbeys annual Rent vs Buy report shows that homeowners are still better off than renters by an average 24,372, 6%. However, for the first time, the cost of owning a property over a 25-year period is higher than renting in some areas of the country.The biggest savings for buyers can be found in east Scotland, […]
Paymentshield says consumers are shying away from mortgage payment protection insurance as a result of the bad press surrounding the recent PPI investigation by the Financial Services Authority. A survey by Paymentshield polled more than 1,500 consumers and some 250 brokers on the impact of the regulator’s PPI investigation and how it has affected their […]
Propertyfinder.com says England football fans should avoid hanging English flags outside their homes if they want to sell during the World Cup. Its says women and wealthier buyers are far more likely to disapprove of homes sporting flags. Warren Bright, chief executive officer of propertyfinder.com, says: “If you have your house on the market and […]
Platform is planning a series of initiatives in anticipation of the plethora of new entrants lined up to burst into the specialist lending market. It has reacted by reviewing its strategy and widening and enhancing its product range. The first initiative launches today with a revised product range including additions to lending criteria and new […]
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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