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Manor Mortgages marks 15 years in the business

Happy Birthday to you, Happy Birthday to you, Happy Birthday… Manor Mortgages is 15 this week.

But despite its success the West Country-based firm is likely to be celebrating with cider rather than champagne in these crunch-busting times.

Lloyds Banking Group’s Nigel Stockton says: “Manor has built a reputation of stability and reliability. It has a strong work ethic which combined with the experience of its staff have been at the heart of its success.”

Manor works with a range of firms from single adviser operations to national networks and principals such as Intrinsic and Legal & General Partnership Services. In recent years it has diversified into equity release, commercial, secured and unsecured loans.

James Harries, sales and marketing director at Manor, says: “The downturn has significant differences to previous ones but the upturn will have many similarities.

“Lenders will not want to recruit during the early stages, outsourcing at fixed costs will be attractive and distribution will always require placement and packaging.”


Target loan servicing wins servicing contract

Target Loan Servicing has won a significant contract to service loans for Park Motor Finance, a wholly-owned subsidiary of Credit Suisse. The loan portfolio contains approximately £80m of motor loans for 20,000 customers.  This new service contract will secure up to 50 jobs in Newport, South Wales.James Snow, chief executive officer for Target Loan Servicing, says: […]

Leeds reports strong profits

Leeds has reported a pre-tax profit of £20.3m after paying its Financial Services Compensation Scheme levy.

Abe and Modi

India: Modi, reform and the oil price fall

Nearly 12 months since sweeping to power, prime minister Narendra Modi has overseen a significant turnaround in India, which is now on track to become one of the most pro-growth, pro-investment economies in Asia. While the market has rallied 48 per cent over the last year in response to Modi’s reform agenda, what is the potential for further progress?


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