View more on these topics

The Mortgage Mole

Big Daddy

Those of you who have had compliance visits from the MCCB will know how keen it is to keep brokers on the straight and narrow. But now Mole can exclusively reveal the true extent of the body&#39s secret intelligence network. I hear that one Friends Provident manager in Salisbury got quite a shock after handing a draft copy of a letter to the regulator to the office temp.

“Oh, my Dad does something for them,” came the response from the undergrad. The father in question? None other than MCCB chief executive Luke March!


Mole hears that the most radioactive house in Britain has gone on sale despite having 40 times higher than normal levels of plutonium in its garden. Mole is sure that an enterprising estate agent will turn this into a key selling point of the £200,000 five-bed Berkshire des res. “This property radiates charm”, perhaps? Meanwhile, in the aftermath of last week&#39s Resolve &#39terrorist scare&#39 TMO was quick to launch a damage limitation exercise. The packager emailed its brokers soon after the event saying “all hell has broken out” after one silly broker spilled the powder and panicked. The email asked brokers to refer enquiries to the marketing department.

Mole wonders how any broker that doesn&#39t recognise a hangover treatment instantly can be doing their job properly and recommends stiff drinks all round.

High points

News reached Mole last week of a new &#39concept airline&#39 for the mortgage industry&#39s golfers with an interest in &#39well-endowed&#39 young ladies. Hooters, the US restaurant chain that features waitresses clad in small shirts and even smaller hotpants (don&#39t worry Carole, we&#39re not printing pictures), and once featured in these august columns, has bought a small regional carrier. It aims to launch Hooters Air for golfers, although it is not clear to what extent this will involve the brand&#39s top attractions. No obvious passengers from the mortgage world spring to mind but suggestions are welcome.


Last week&#39s letter protesting at pics of scantily-clad women lowering the tone of this highbrow publication has drawn plenty of comment from red-blooded readers, ranging from the outraged (see Letters, page 9) to the frankly silly.

“I have no problem with looking at women in bras. Get a life”, Ivor Handfull of Tunbridge Wells said. Others went on in the “Lighten-up, love – and put the kettle on while you&#39re about it” vein.

So, following last week&#39s heart-throb Danny Murphy and in the interests of equality and unbiased journalism, as championed by The Sun&#39s new boss, Rebekah Wade, feel free to feast your eyes on our pic of a male model. It&#39s only fair.

Ex-Arsenal striker and now all-purpose celeb, Ian Wright promotes online venture Printable captions only to the usual address “Jim, no matter how hard you squeeze my hand , it&#39s not my job to lower the base rate anymore.” From Peter Raeburn, mortgage consultant, Hitchin Mortgage Services, Connells, Herts There comes a time when everyone does something a little foolish that they want to keep quiet. However, we prefer it when the world knows and Mortgage Strategy is offering you the opportunity to share your colleagues&#39 finest hours by publishing any photographic evidence you have. Whoever submits the best caption wins a jeroboam of bubbly – that&#39s four bottles worth a whopping £125 – courtesy of Sun Bank. You should know by now that the editor&#39s decision is unfair but it is final. Email your entries to


Buildstore registers 1,000 introducers

Self-build and renovations specialist Buildstore has clocked up over 1,000 registered introducers nationwide since launching BuildLoan in January 2002. BuildLoan says the intermediaries who have used its service have been able to offer a proper self-build product and service to their clients for the first time. Buildstore&#39s BuildLoan package includes features such as loans of […]

Kylie and Co brighten up our dreary days

From Bill AspinallCarole Colyer-Worsell (Letters to the editor, Mortgage Strategy January 13) clearly has her knickers in a twist when she protests over “titillating photos of women” in Mortgage Strategy. As a firm, we feel strongly that pictures of Mole, Paul Fox, Richard Griffiths et al dressed in their Y-fronts would put brokers off Mortgage […]

Amber launches bespoke adverse range

Amber Homeloans Ltd has launched a full adverse, menu-driven mortgage which can be tailored to suit each individual&#39 s needs. The Bespoke Mortgage will help brokers provide an Amber mortgage for each of their clients regardless of their previous credit history. The bespoke mortgage carries a three-Month LIBOR pay rate (currently 4.03%) plus additional loading […]

New managing directors at Trigold

Bill Safran and Martin Colyer have been appointed joint managing directors of Trigold. Safran was previously sales and marketing director, and Colyer was finance and operations director. Safran says: “We have a strong experienced management team leading a business with market-leading products in an exciting, growing and innovative marketplace where our technology and services can […]

Don’t play chicken with the Bank of Japan

By Josh Ausden, Head of Client Investment Strategy, Neptune Short-term yen strength has hurt the Neptune Japan Opportunities Fund but recent events have only added weight to our conviction that the Bank of Japan will act to ease policy, boosting multinationals’ profits and weakening the yen. In recent weeks the performance of the Japanese stockmarket […]


News and expert analysis straight to your inbox

Sign up