View more on these topics

GE Money Home Lending expands second mortgage team

GE Money Home Lending has significantly expanded its second mortgage sales force.

The internal developments and re-structuring will take effect immediately and as a result, every one of GEs second charge brokers will now have a dedicated national account manager, or in the case of smaller brokers, a national sales manager as well as a business development manager.

As part of the key changes, two additional national account managers, Julie Stowell and Simon Burnell, will join Paul McGerrigan, Chris Bennett and Ronan McCaughley to create a five-strong committed team.

Stowell and Burnell both have extensive experience of the second mortgage market, Stowell from her time at First Plus and Burnell from his roles with both First National and igroup.

Pete Russell also joins as a national sales manager from the customer sales team. He previously worked in sales for HFC and also worked in a processing role with second mortgages for First National.

Three business development managers will report into the strengthened second mortgage sales force team. Two roles are still being recruited for.

Julian Nutley, second mortgage director at GE Money Home Lending, says: “For GE Money, the key to success in the second charge loan market (worth an estimated 6bn) is to focus on long term vision rather than simply aim for short term gain.

“We are constantly working on new ways to develop our levels of service to intermediary partners. By listening to them, we aim to develop our processes and operations in order to provide services and solutions that match their needs.

“The strengthened team is part of our continued long term commitment to this market. We will now offer our intermediaries even greater support, and will continue to improve the speed and efficiency with which we work.”


Preferred appoints two directors

In the wake of the recent exit of Preferred’s joint managing directors John Webster and George Patellis, the sub-prime lender made two senior promotions..Roger Taylor, formerly head of sales, has been promoted to director of sales and marketing, and Nigel Ingram, formerly chief operating officer has been appointed director of operations, both with immediate effect. […]

Danger of housing shortfall

Only three in 10 of today’s 10 year olds will be able to afford their own homes unless house building increases, says the Office of the Deputy Prime Minister. By 2026 the proportion of 30-something couples able to afford to buy is set to fall to about one-third compared with a half today and two-thirds […]

Easier to use form for consumer credit licences

The Office of Fair Trading has launched an easier to use form for businesses applying for, renewing, varying or notifying changes to their consumer credit licences.The forms are clearer and easier for businesses to complete and will provide the OFT with better personal information for verifying an applicant’s identity and address. The OFT has also […]

Nearly half of population would consider lifetime mortgage

Prudential opens its Prudential Property Value Release Plan today, as research reveals that customer confidence in lifetime mortgages is highPru’s research shows that 44% of home owners over 55 would consider a lifetime mortgage, compared with 18% in 2004 that would consider an equity release product, and 9% in 2003.When the question was opened to […]

Retirement - thumbnail

Has Britain really stopped saving?

By Steve Webb, Director of Policy and External Communications Our latest policy paper reveals what the fall in the savings ratio does (and doesn’t) mean In June 2017, the Office for National Statistics published its estimates for the ‘savings ratio’ for the first quarter of 2017. This is essentially a measure of the percentage of […]


News and expert analysis straight to your inbox

Sign up