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Brokers have winning smiles after the big race

When 100-1 shocker Mon Mome romped home in this month’s Grand National ridden by Liam Treadwell, one bookmaker had to pay out £40m – even more than Sir Fred Goodwin’s pension.

And I’m sure there were also plenty of each-way winners in the mortgage market as last year’s winner Comply or Die came second after putting up a brave fight.

Comply or Die is owned by mortgage entrepreneur David Johnson of Commercial First and igroup fame. A win this year would have put him on track to equal Red Rum’s three consecutive wins but it was not to be. Still, the mortgage industry salutes Johnson for putting a smile on many a face – even I finished £45 up.

Besides, there’s always next year for those brokers who are left in the market, although I won’t be gambling on how many that will be.


Labour bigwigs face eviction

Last December chancellor Alistair Darling claimed Labour’s repossession scheme would provide real help for home owners – yet it’s still not up and running.


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