View more on these topics

Tweedy leaves Platform after secondment ends

David Tweedy, director of Platform, has left the lender after 13 years.

Tweedy, who has been at Platform since it formed in 1999, was put on secondment to another role within The Co-operative Banking Group in March.

He is believed to have left when this came to an end at the end of May. He is understood to have been helping with the bank’s acquisition of the Lloyds Banking Group branches.

Lee Gladwell, director of sales and proposition at Platform, is heading Platform in an acting role. The lender says an announcement will be made in due course.

A spokesman for The Co-operative, says: “We would like to thank David for his work at Platform, where he has played an integral role in making the business the success it is today. We wish him well for the future.”

Last week, The Co-operative denied that it was planning to close its intermediary lender Platform. There were rumours that the Platform brand could be scrapped by the end of the year, but a spokesman for the bank told Mortgage Strategy this is not the case.

He says: “The Co-operative Bank remains absolutely committed to the intermediary market.

“We will continue to offer mortgage intermediary lending via Platform and have no plans to change that.”

He added that the lender will continue to review its approach to the mortgage market to ensure it is best positioned to support the needs of customers and intermediaries.

In February, the Co-operative Bank announced it had placed 80 staff in consultation at Platform.

The bank is closing Platform’s London office on June 27 and relocating the departments to other locations, primarily in Manchester.

It could not say how many staff have been made redundant as a result of the consultation.

Recommended

Accord reduces rates

Accord Mortgages is reducing the rates on its two-year fixed and 2-year tracker rates at 75% LTV and introducing two new house purchase products.

1

Can alternative lenders fill the gap left by high street banks?

Next week Shawbrook Bank is sponsoring the NACFB’s Commercial Finance Expo, where I’ve been asked to join a panel debate to get to the bottom of a question that the industry has been asking for some time – can alternative lenders ever fill the gap left by the high street banks?

1

Marketwatch – June 2012

My colleague Andrew Montlake is taking a well deserved holiday this week.

Lenders need service culture says CML chair

Martijn Van der Heijden, chairman of the Council of Mortgage Lenders, has told lenders they need to have less of a sales and more of a service culture. Speaking at the CML annual lunch in London last week, Van der Heijden, who is also head of lending at HSBC, told attendees that before the credit […]