View more on these topics

MAB set to take on Coreco as AR

Coreco Group, the new venture launched by Andrew Montlake and a crack team from recently defunct London-brokerage Cobalt Capital, will be an appointed representative of the Mortgage Advice Bureau.

The ex-Cobalt staffers on board include Montlake, Matthew Lowndes, Francois Taljaard, Rob Henderson, Roy Hardy and Rob Gill.

In addition to the core mortgage proposition, the wider Coreco Group will also diversify into a number of other areas, including wealth management led by Gill and commercial property under the stewardship of Xavier Bouhayed and Henderson.

Although Lowndes will function as acting managing director at the new firm, Montlake, communications director at Coreco Group, says the new firm will function as an equal partnership.

He says: “We are very fortunate to have been joined by some of the cream of Cobalt Capital’s consultants who together made up the core of Cobalt.”

Peter Brodnicki, chief executive of MAB, says: “The experience, vision and passion of the management team will ensure that the Coreco Group will quickly become a major player.”

Recommended

Shades of red

Mole knows those folk at Pink Home Loans take their job very seriously, but it was surprised to hear that they are so committed they go to work wearing pink attire every day.

Social housing waiting list could hit two million

The number of households on waiting lists for social housing is set to soar to a record high of almost two million over the next two years, claims figures from the National Housing Federation.

Miles succeeds Blanchflower on MPC

David Miles is set to take over from David Blanchflower as an external member of the Monetary Policy Committee.

MBL includes direct-only products

Mortgage Brain is to include direct-only products on its sourcing system by the middle of next year.The company has developed a search and filter facility that will feature on the upcoming latest version of the Mortgage Brain software due for release by mid 2009.Mark Lofthouse, chief executive of Mortgage Brain, says brokers want to review […]

Bridging is no longer a dirty word

It’s not that long ago that short-term finance, or, perhaps more specifically, bridging finance were viewed as dirty words by mortgage brokers. The rates on offer were punishing, meaning there were only a handful of situations where it would be appropriate to arrange one. Some lenders didn’t exactly uphold great reputations for service standards either; […]