View more on these topics

Barclays to lose more senior mortgage staff

Barclays is set to lose further senior members of its mortgage team as regional intermediary directors Alun Donovan and Stephen Banks are set to take early retirement.

Donovan and Banks, intermediary directors for the western and eastern regions respectively, both joined Barclays in 1986 and took joint control of the intermediary division when former managing director for intermediaries David Finlay departed in March in March. 

Follow the pair’s retirement, head of region for London and Midlands Sidney Wager will take on responsibility for both roles under the new job title home solutions partnership director. Wager will report into managing director for mortgage distribution Jackie Uhi. 

The bank has been hit by major losses in its intermediary team over the past six months.

As revealed by Mortgage Strategy, former managing director for intermediaries David Finlay left his position in March. His departure was followed by former head of national accounts Sarah Green, who left as part of an internal restructure in May. National new-build manager David Gillam then resigned later in May to join TSB.

A spokesman for Barclays says: “Both Stephen and Alun joined Barclays in 1986 and during their careers they both have made a significant contribution to the businesses they have worked in. They leave with our thanks and our best wishes for the future.

“Sidney is looking forward to the challenge of working with a new team and focusing on the service we provide to our partners in the broker world. We can reassure you that throughout this process, both our current relationships and service to brokers will remain unchanged.”




Halifax reports slight dip in house price inflation rate

The rate of house price inflation dipped slightly in August, according to the latest Halifax house price index. Figures show the average UK house price reached £186,270, 9.7 per cent higher than the £170,224 average recorded in August 2013. This compares with 10.2 per cent annual growth reported in July. With minimal wage inflation in […]


Media Spotlight: The Smartest Guys In The Room – Bethany McLean & Peter Elkind

  Since the summer of 2001, Enron has become almost a byword for greed, corporate mismanagement and tragic human failure. At one stage it was listed as the world’s leading energy company – a fact it proudly boasted about. This led the firm to believe it could be the “world’s leading company”. However, thanks almost […]

CML - 700

CML to publish BTL statement of practice

The Council of Mortgage Lenders is to publish a statement of practice for buy-to-let in the coming weeks following the Treasury’s consultation on the EU mortgage directive. In its latest news and views publication, published last week, the CML again expressed its disappointment at the Government’s U-turn on the buy-to-let sector’s inclusion in the directive. […]


Nationwide rethinks affordability to be more generous on outgoings

Nationwide has refined its affordability calculator so more applicants pass through, Mortgage Strategy understands. The lender has issued a broker note titled, Making It Easier To Do Business, stating it has refined some areas within the affordability calculation relating to outgoings although the lender has refused to give further details. One broker, who wishes to […]


News and expert analysis straight to your inbox

Sign up