Simon Biddle, Mortgage Strategy columnist and former marketing director of Preferred Mortgages , has joined sub-prime lender Infinity Mortgages as head of marketing and communications.He left Preferred in February 2004 to take a career break, but says now is the time to re-enter the market. He says: “I felt it was the right time to return to the market and I’m looking forward to the challenges ahead at Infinity.” Infinity Mortgages was launched in January 2004 as a lender, funded by Mortgages PLC. But after MPLC was taken over by Merrill Lynch the firm found alternative funding with Investec, a specialist banking group listed on the London and South African stock exchanges. The deal is Investec’s first venture into the UK sub-prime market. Infinity’s chairman is Ravi Takhar, who was involved in the original sale of Mortgages PLC to Japanese firm Nikko Principle Investors, and its chief executive is Matt Gilmour.
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TMB managing director Nigel Payne has pledged that the HBOS subsidiary will become the number one lender for packagers. He says in the coming months The Mortgage Business will enhance its distribution strategy and strengthen packager relationships. TMB already deals with a significant number of packagers and will develop existing relationships as well as boost […]
A financial pundit has cited the loss of the personal touch as the reason for consumers’ declining confidence in banks. Speaking at the Building Societies Association’s annual lecture, David Lascelles, co-director of the Centre for the Study of Financial Innovation, says banks have lost touch with their customers and public opinion. But he says it […]
Britannia has teamed up with Stoke City FC to raise awareness of racism in sport. The two will launch a campaign to educate local school children about the negative effects of racism.
Chelsea is the first building society or bank to adopt Legal & General’s expanded single point-of-sale system Online Protection. This extends its existing general insurance relationship with L&G to include, for the first time, the sale of L&G’s life assurance products.
A survey of Health Shield members has revealed excellent levels of customer service.
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