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Coulson case settled?

The court battle between Richard Coulson and his former employers Zurich, is thought to have been settled out of court.

Coulson had been due at the High Court of Justice in London this month to dispute allegations that he was still in Zurich’s employment while promoting his network, Home of Choice.

However, an announcement is expected in the next couple of days saying that the case has been settled out of court.

Coulson decided to form his own network after declining a role in the Zurich Openwork set-up. Having previously been mortgage network director, Coulson turned down the position of area sales director for the North and says Zurich was heading in a direction he did not want to take.

Coulson argues that he was made redundant after his role ceased to exist and claims Zurich is trying to gag him to prevent the launch of his network.

More to follow.


Abbey remortgage took just 11 days until completion

From Jonathan Burridge Following up my recent letter (Mortgage Strategy, October 24), I feel I must make amends. With the help of our Abbey BDM Richard Guppy, and the team at the Barnet office, Abbey recently took a remortgage application from credit score through to completion in 11 days. So, I can tell Abbey and […]

Changes at the top for BoI

Bank of Ireland has made changes to its senior management team. It has promoted Des Crowley from chief executive of retail financial services Ireland to chief executive of UK financial services. Richie Boucher, currently chief executive in corporate banking, will replace Crowley as chief executive of RFSI and will also join the executive committee.

Pink range aims to get borrowers back on track

Pink Home Loans is launching an exclusive On-Track product range designed to get borrowers back onto prime rates. The On-Track range, launched in association with Freedom Lending, covers light to heavy adverse, with opening rates from 5.94%, which will reduce by 0.10% every six months, subject to payments being made, until the lifetime tracker rate […]

Will brokers lose out when HIPs come in?

Mortgage Strategy last week revealed that the Association of Mortgage Intermediaries had convened a special meeting with senior industry figures to discuss the impact of Home Information Packs. One of the concerns raised at the meeting was that HIP providers could cut brokers out by offering customers a mortgage proposition. Industry pundits are concerned about […]


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