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Go Business Mortgages launches in UK

A new provider of commercial mortgages has been launched in the UK called Go Business Mortgages, specialising in the sub-prime market.

Go’s founder Andrew Strode-Gibbons was former chief executive officer and chairman of The Mortgage Lender Ltd which he founded in May 2000, of which he subsequently sold to Kensington Group Plc in July 2002.

Strode-Gibbons, says: “Finance is what I understand and know best, and Go
presents a brilliant opportunity.

“There’s a huge gap in the market and we will provide intermediaries and
independent financial advisers with an excellent service and source
excellent products which will prove to be a real winner for their clients.”

Working alongside Strode-Gibbons as managing director is Henry Brown.

The pair met in New York where Brown worked as an independent consultant to a number of start-up businesses providing advice on strategic, planning and finance/fund-raising matters.

In addition he has worked with private equity and VC investors in carrying out due diligence and transaction execution in a number of sectors including financial services.

Prior to his operational experience, Brown worked in the city as an investment banker and venture capitalist.


Call for FSCS costs rethink

Chris Cummings, director-general of the Association of Mortgage Intermediaries, says the Financial Services Compensation Scheme is a vital safety net but the costs must be divided more fairly to maintain the industry’s confidence in it.

Would you feel comfortable borrowing 6 x your income?

Last week, Advantage revealed it is launching a Flexishare product which allows first-time buyers to borrow 6 x their income, split between a conventional mortgage and residential ownership loan. Figures from the Council of Mortgage Lenders show the average mortgage sold in April was 3.04 x income.

So, this week Mortgage Strategy asks…

B2L innovation benefits landlords

Towards the end of last year, predictions from market experts on the likely size of the buy-to-let market in 2006 varied greatly, with some claiming it was about to collapse and others predicting continued fast growth. But it was clear that a number of lenders would enter the buy-to-let arena, and also that some established […]

Landlords warned to conform to HMO regulation by July 6

The grace period for landlords to conform to the new Houses in Multiple Occupation regulation is fast approaching, with the deadline July 6.Amid concerns that registrations have been low, brokers need to ensure their landlords take the proper steps to comply with the new regulation in time or face a 20,000 fine says Mortgage Trust.Landlords […]

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Thinking of expanding overseas?

Whether you’re a small company or an established larger employer, expanding overseas into emerging markets can be an extremely attractive prospect for growing your business. However, with this comes a duty-of-care requirement to any staff based overseas.


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