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The Mortgage Mole


Grave thought To get the election ball rolling Ray Boulger, senior technical manager at John Charcol, has sent Mole a joke about the Prime Minister. Ray is not a fan, it’s safe to say.

Brown goes on a state visit to Israel. While he is on a tour of Jerusalem he suffers a heart attack and passes away.
The undertaker tells the British diplomats accompanying the PM that they can have him shipped home for £5m or have him buried in the Holy Land for just £100.

The diplomats discuss this for a minute and tell the undertaker they want Brown shipped home.
The undertaker is puzzled.

“Why would you spend £5m to ship him home when it would be wonderful to be buried here and you’d only have to spend £100?” he asks. “With the money you save you could help pay off the deficit, put some money towards the Olympic Games or help the elderly.”
One of the diplomats explains.

“A man once died here, was buried and three days later rose from the dead. We just can’t take the risk.”

Late call It’s the season when everyone seems to be training for marathons or epic cycle rides. In that vein Brendan Farrell, a mortgage broker from Carshalton, got in touch to say that although he ran the Brighton Marathon yesterday it’s not too late for anyone that knows him to add to his sponsorship fund.

He ran in aid of Cancer Research UK, and payments can still be made by visiting Brendanfarrell.


Specialist lenders are just waiting for investors to return

The issue with specialist lending is not that there are no lenders willing to do it but rather that there are no investors willing to invest in it at the moment. That’s why all the remaining lenders of this type have moved to the prime arena if possible, or ceased lending altogether. Many are simply […]


Lenders shift focus to retaining clients

The past two years have seen a dramatic change in the focus of technological development in the mortgage market. Before the credit crunch there was an emphasis on new lending and the speed of underwriting decisions. Eager to win the favour of advisers, lenders ploughed money into technology to enable quick processing. Today it’s more […]

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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 […]


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