Elephant Loans & Mortgages’s broker quits

Elephant Loans & Mortgages has suffered another blow with its broker SVS Securities quitting.

Gary Miller-Cheevers, CEO of Elephant Loans & Mortgages says it was in the process of replacing SVS.

He says: “We have been in discussions with two or three firms about representing us, which SVS may have got wind of and decided to resign because of it. Elephant has had its problems and we felt that we needed 100% support from everyone working with us, which we felt we were not necessarily getting.”

Earlier in the month, reverse takeover talks between Elephant Loans & Mortgages and Financial Trade Partnership were terminated.

SVS Securities would not comment.