View more on these topics

Tony Murtagh looks to buy Capital One Homeowner Loans

The Money Group’s managing director Tony Murtagh has told Mortgage Strategy that he is interested in acquiring Capital One’s Homeowner Loans operation.

As exclusively revealed by Mortgage Strategy yesterday, Capital One is closing its licensed credit broker Homeowner Loans with around 230 redundancies.

But Murtagh says he has offered the loan, mortgage and credit card provider – and its 230 staff members – a glimmer of hope.

He says: “Homeowner Loans is a good brand with decent assets. We would be interested in acquiring it.”

Capital One says Murtagh’s interest in the business has been registered and his details have been passed on to Homeowner Loans’ managing director Louise Dickinson.

Recommended

Edeus takes on two BDMs

Edeus has expanded its sales team with two BDMs, one of whom is rejoining the team. Melissa Hosang left edeus to work for Commercial First but has decided to return. Graeme Bozzard joins edeus from Mortgage IQ, where he was a broker.

Brave MPLC leads the way on proc fees

Mortgages PLC has had more column inches devoted to it in the past few weeks than at any time since the hugely enjoyable Peter Beaumont versus Michael Bolton showdown of 2004.

Mortgage savings increase, says Moneyextra

Moneyextra.com says the savings available by choosing the right mortgage have actually gone up in the last three months despite rising mortgage rates. The annualised savings available on the average mortgage amount have risen from £2,832.00 to £3,132.00, even though interest rates have risen.Robin Amlôt of Moneyextra.com, says: “Getting your mortgage right is the key […]

Payment shock for borrowers as fixed rate terms end

Mortgagesforyou is warning home owners whose fixed rates will be expiring this September to act now before they hit their lenders’ SVR.Mortgagesforyou is concerned that more than a million borrowers will face rises of up to 40% in their repayments when their well-priced two-year deals from 2005 come to and end this September. In 2005 […]

Newsletter

News and expert analysis straight to your inbox

Sign up
Comments