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The Mortgage Mole

Digging the dirt in the mortgage world…

Run Rabbits RUN

Always keen to hang out with his fellow rodents, Mole caught up with edeus’ Race For Life bunny girl team last week. The fine and fair bunnies (see caption competition) had run the 5km race in aid of Cancer Research.

They raised £3,000 for the charity and completed the run in 45 minutes – star bunny Elaine Forth finished in an amazing 24 minutes.

Mole tried to get a comment from edeus bosses Alan Cleary and Michael Bolton, but both were too out of breath from trying to keep up with them. Mole can only assume that the pair are more used to chasing bunny girls in thongs and stilettos rather than shorts and running shoes.

To donate money to this excellent cause, go to

Royal flush

Mole was invited to Royal Ascot last week for Ladies Day courtesy of those nice folks at eConveyancer. It was a typical Mortgage Strategy day out at the races, with more money lost than won. But that was compensated for by the fine wine, food, company and facilities.

As he was in the Royal Enclosure, Mole had donned his top hat and tails and found he was a stone’s throw away from the Queen herself in the royal box. Not that host Alan Dring, sales director at eConveyancer, seemed to notice.

“I thought that box was the gents’ toilets,” he confessed to Mole. “I wondered why that old bird in the corner reading the Racing Post wasn’t interested in taking a quid off me.”

Good vibrations

Having got over his hangover from the races, Mole was settling down to a quiet evening in front of the box last week, hoping for a little comic relief from the frenetic world of mortgages.

He tuned into Lenny’s Britain, in which comedian Lenny Henry toured offices around the country to unearth the role of humour in the workplace.

Just as Mole was nodding off, a familiar face on the screen grabbed his attention. It was none other than MoneyQuest managing director Paul Rey-nolds. Henry had been invited to the firm’s Glasgow call centre and was let loose on its phone lines.

The comedian also got the chance to try out the office’s electronic massage chair, which, it seems, was a more ar-ousing experience than he had bargained for. MoneyQuest sure knows how to keep its staff motivated.

expensive dump The world of property took a couple of strange twists last week. First, a public toilet in St Andrews, Scotland, was sold at auction for £200,000 des- pite being given a guide price of just £50,000.

And a couple in Swanage, Dorset, outraged at the derelict state of the town’s pier head, took the extreme step of painting a Banksy-style mural de-picting crumbling stonework and a hole in the wall.

Numerous attempts have apparently been made to develop the property but they’ve fallen flat.


Ed Payne to join SPPL

Lehman Brothers Mortgage Capital Businesses has appointed Ed Payne as head of sales at Southern Pacific Personal Loans.Payne was formerly head of corporate accounts at Halifax, and will run the SPPL sales force from August, reporting to Guy Batchelor, executive director of sales and marketing.Batchelor, says: “The secured loans market is an important part of […]

MPC member hints at interest rate rise

John Gieve, the deputy governor of the Bank of England, has hinted that he will vote for a base rate rise next week in order to bring inflation back into target. In a speech to the University of Surrey, Guildford, the Monetary Policy Committee member said the full impact of past increases in interest rates […]


Home Energy Performance Packs could replace HIPs

I wasn’t surprised to read the results of Mortgage Strategy’s straw poll on whether Home Information Packs should be scrapped, given that it had been hijacked by a pro-HIP forum (Mortgage Strategy’s June 11). You can’t blame them for trying – clinging to life when facing death is a strong motivation. What puzzles me is […]

Consumers are ignorant about eco-terms

Beacon Homeloans has released new research which found a lack of green knowledge amongst consumers with only 25% of those surveyed understanding what the term carbon neutral means. In addition, one in four respondents said they would not invest any money to improve their homes green credentials.Despite this lack of knowledge and possibly due to […]

A modern horror story

Every day a quick scan of the news reveals some new horror that will change the lives of those involved forever – the unlucky accident on the way to work, a tragic illness that cuts a young life short or the holiday accident that leaves more than just a scar to cope with. We barely […]


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