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Time to take a leaf out of Rafa’s book

I have just watched the mighty Liverpool FC stuff Real Madrid 4-0 and after reflecting on the glory that is Rafael Benitez, I wondered what could be learnt from Liverpool’s recent string of successes and applied to the mortgage market.

Each season Benitez essentially has a fixed workforce – the players – that he has to mould and inspire to try to achieve success in every game that Liverpool plays.

But if a player or something about the team is not working as the season progresses, he and his board have the transfer window to potentially bolster their ranks.

Do they invest in additional talent or do they make do with the players they have but focus on key games to maximise the talent that they already have on board?

Such are the decisions that face small and medium-sized businesses in the mortgage market at the moment.

Do we have the talent to achieve our object? And if resources are stretched and investing in new talent is not an option, do we then need to move the goalposts and focus on parts of the job that maximise income?


Ombudsman ready to name and shame firms guilty of mis-selling

The Financial Ombudsman Service says it is upholding 90% of cases made against firms for the mis-selling of payment protection insurance, as it revealed its plans to name and shame those with the most complaints. FOS is handling more than 800 complaints a week about PPI and says for one unnamed company it is upholding […]

Tax from financial sector down £28bn, says CEBR

A study by the Centre for Economics and Business Research estimates that the tax taken from the financial service sector for 2009/10 will be only £39bn, down from £67bn in 2006/07.

BBA reports increase in net mortgage lending

The British Bankers Association has seen an increase in net mortgage approvals between January and February.There were 28,179 mortgages approved for house purchase in February, up from 24,278 in January but still down 31% on a year earlier.This represents an increase of £3.9bn by the major banks in February, up from £3.4bn in January.However gross […]


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