Two of the four founding directors of Purely Mortgages, Colin Bell and Ian Giles, have left the firm.This leaves managing director Mark Chilton and IT director Neil Pritchard as the only original directors. The directors are rumoured to have agreed to a salary freeze in the summer. Chilton, chief executive officer at Purely Mortgages, says: “We’re disappointed to lose Ian as he’s done a great job over the past year and a half but it’s a fantastic opportunity for him to move onward and upward.” He denies the departures are a sign of problems at Purely. He adds: “The future is rosy.” Giles has been appointed marketing director at Kensington Mortgage Company, starting on December 5. He replaces Luis Marino, who has left just five months after joining the firm.
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Research from Landlord Mortgages shows that letting agents in some regions of the UK are overstating rental returns on investment properties by up to 25%.Posing as first a tenant and then a potential property investor, researchers enquired as to how much a two bedroom flat in specific developments could be rented for. Whilst London at […]
Networks may have to come down hard on their appointed representatives and dictate codes of business to them for selling self-cert mortgages, says BM Solutions. Speaking at the Mortgage Business Expo, Martin Reynolds, head of sales at BM Solutions, said it will be business as usual for directly authorised brokers who sell self-cert but there […]
Lending and saving figures from the Building Societies Association reveal building society gross advances amounted to 3,808m in October, compared to 3,497m in October last year. Net advances were 929m in October, down from 1,055m in October 2004, and approvals increased to 3,870m from 3,021m in October 2004.In the savings market, building societies had net […]
A public consultation on new planning powers for West Northamptonshire Development Corporation was launched today by minister Baroness Andrews.Under the proposals WNDC would become the local planning authority for all planning applications in Northampton town centre, except those affecting listed buildings, conservation areas, advertisements and alterations to existing homes, which will continue to be determined […]
The UK Pensions Awards shine the light on excellence and recognise the advisers, providers and investment managers that offer the highest level of innovation, performance and service to occupational pension schemes and their members. This year’s awards looked at advisers and providers across 31 different categories and were rigorously judged by a panel of senior […]
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