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Reshuffle at Heritable Bank

Heritable Bank has reshuffled its senior management team. Finance director Ketan Malde has also taken on the role of chief operating officer, Tim Wentworth is now managing director of Heritable Capital Partners and Nick Barrett becomes managing director of Heritable’s structured property finance division.

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HSBC considers unloading loans

HSBC Holdings is contemplating unloading some of it’s A to D loans that total billions of pounds, investment banking sources revealed last week. The bank also plans to stop providing warehouse financing on sub-prime mortgages, sources say.

Life goes on

Bradford & Bingley’s lending director Chris Gillespie has taken over the running of Mortgage Express. Unworried by the departure of the latter’s founder Tim Dawson, he tells Christine Toner that change was inevitable but what matters now is growth

Sloppy service turns clients’ dreams into nightmares

I wish lenders would think about their customers, staff and brokers when they have market-leading rates sitting at the top of sourcing systems. When I worked for a lender that is still a leader when it comes to service, it was emphasised to me that a mortgage is not only one of the biggest financial […]

When a gift is not as good as it looks

When builders offer gifted deposits they are offering to pay the deposits on properties people are buying from them. Builders tend to do this on new developments, with deposits ranging from 5% to 15%. Other incentives can be offered such as cashbacks, payment of legal fees or Stamp Duty or purchase price discounts.

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