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Genesis Three Valleys appoints managing director

Connolly has worked in the mortgage industry since 1979 and has a detailed understanding of both the mortgage broking and packaging industries.

He says: &#34I&#39m delighted to be appointed MD of Genesis Three Valleys. We can provide mortgage brokers in our surrounding area with a comprehensive packaging service and appointed representative proposition. We have access to market leading products and pay highly competitive procuration fees.&#34

John Lee, head of sales and marketing at Genesis, says: &#34I would like to offer a warm welcome to Connolly, as he joins the growing group of Genesis franchisees. He will benefit from being able to run his own business, while having regulatory, product and service support provided by


“Our franchise, licence and affiliate programmes have proven to be very popular and we look forward to welcoming further members in the future.&#34


Brokers threaten to boycott lenders not ready for M-Day

In addition, nearly half, 47%, of mortgage intermediaries say they are concerned about being unable to deal with lenders who opt to close their books while they re-engineer systems and processes to become FSA compliant. Indeed over two-thirds of advisers say that they would be worried about the level of service that these lenders could provide […]

Mortgage Next directors sued by Scarborough

It seems that while the network was sold in Febuary to Freedom Finance, there had also been a rival bid from the Scarborough. A writ issued by the society&#39s solicitors Addleshaw Goddard claims it spent £243,000 on external advisers and £102,000 internally as it prepared to buy the broker network. Mortgage Next declined to comment […]

Nationwide charts show schools&#39 effect on prices

Nationwide has utilised the Primary School Performance Tables published by the government to compile charts which show schools&#39 effect on local house prices. Alex Bannister, Nationwide&#39s group economist, says: “In the past two weeks thousands of children have started their first year at primary school. “Traditionally, primary schooling is viewed as crucial in providing children […]

NAB to give up banking licence for Yorkshire subsidiary

NAB is to run its business through its Scottish bank, Clydesdale, with the restructure completed by the end of the year. A spokesperson for NAB says:”It is purely a legal entity, for administrative reasons, we are consolidating administration and all the branding will remain the same.”

Top seaside property hotspots revealed

Like to let beside the seaside? The latest research from LendInvest looks specifically at coastal towns to find which areas offer the top average rental yields to landlords. Where are the top seaside postcodes for landlords? The interactive map below looks at the highest rental yields along the UK coast. According to the data, Hull, […]


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