View more on these topics

John Prust will declare mortgage war on Aug 12

August 12 is the start date for John Prust to finally begin his war on the mortgage world.

Two weeks ago, Mortgage Strategy exclusively revealed that the new venture from the former sales and marketing director at Southern Pacific Mort- gage Limited will jointly involve Merrill Lynch and Abbey.

And as new magazine Loan Distributor reveals today, on top of getting referrals from Abbey and the packaging market, Prust’s new lender will also target the secured loans market.

A close friend of Prust’s says: “John has not been allowed to approach anyone since he quit in February and will not be allowed to until May next year, but August 12 is the date he becomes contactable.

“He is a man on a mission – in fact, I’d go so far as to say he’s possessed.”

Bizarrely, August 12 is also the date quoted by the journalist in HG Wells’ The War of the Worlds as the day the Martians launched their lethal attack on Earth.


Optoma launches insurance product

Optoma Broker Solutions has launched an accident, sickness and unemployment insurance product for mortgages and secured loans.The product is available through a web platform on the Optoma website terms of the cover include cover for new and existing mortgages or secured loans on exactly the same terms and conditions, back to day one cover […]

Bankhall sorts out expense claims

Bankhall has appointed GlobalExpense to manage its employee expense claims process. The GlobalExpense system is web-based and more accessible than competing software solutions that need to be downloaded onto PCs.

Woolwich launches B2L fix and track mortgage

Woolwich has launched a buy-to-let range to get around the short term hike in swap rates. The new fix and track will initially offer a one-year fixed rate at 5.99% to buy-to-let investors, after the first year the rate will revert to a lifetime tracker at 0.69% above base rate.This rate is available for mortgages […]

Tomorrow unveils online system

Tomorrow has launched an online quotation system for lifetime mortgages. Brokers will be able to get quotes 24 hours a day and track the progress of their clients’ cases from application to completion. It is also reducing its minimum initial advance from £25,000 to £15,000.


News and expert analysis straight to your inbox

Sign up