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Mortgageforce takes on Devon brokerage

Mortgageforce has taken on 14 new brokers as part of an 18-month expansion plan by adding Devon-based brokerage Mortgages and Financial Solutions to its franchise operation.

Kevin Duffy, chief executive officer of mortgageforce, says: “These additions are experienced and resourceful practitioners.

“They will hit the ground running and I am delighted to be working again with Simon Bucknell, managing director of MAFSL, who is one of the industry’s best product technicians.”

He adds: “This brings our number of franchise outlets up to 180 but given that we now intermediate for over 460 building society branches we want to grow our headcount even further.”

Bucknell says: “These are tough times for brokers. What appealed to me most about the mortgageforce proposition was its parentage and strong capital position, its national reach and the respect that lenders and consumers have for the brand.”


Private rental sector is flourishing

The recent quarterly figures from the Association of Residential Letting Agents confirm what we have been saying for some time – that the private rented sector is not just holding up in the current economic environment, but flourishing.

Nomura buys Lehmans’ European division

Japanese brokerage Nomura has emerged as the winning bidder in an agreement to buy Lehman Brothers’ equities and investment banking arms in Europe and the Middle East.

Complete offers help to SMS staff

Complete Mortgage and Loan Services has expressed support and sympathy for the directors and staff of neighbouring south coast packaging and distribution firm, Solent Mortgage Services, following its decision to cease trading.

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]


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