View more on these topics

Michael White takes aim at sportspeople with new lender

Michael White, former director of lending at Kensington, has set up a bridging lender specialising in lending to professional sportspeople, entertainers and property developers.

London-based Boutique Capital, which is funded by private backers, offers loans of between £75,000 and £5m over three to 18 months.

White, who is managing director of the business, co-founded the firm with former Harlequins RFC and Richmond RFC rugby player Jason Hoad. Hoad is also managing director of Fusion Property, which searches and selects properties for sports professionals.

White was at Kensington between 1995 and 2001 before becoming a founding director of the London Mortgage Company. He left LMC in 2006 after its sale to Lehman Brothers. In July 2008 he set up brokerage Email Mortgages before becoming a mortgage consultant in January 2011.

White says: “Before coming into this market, we asked ourselves what we could offer that established lenders do not. We are something different as we target a certain type of customer.”


Data for February shows another spike in year-on-year gross lending

Gross mortgage lending in February was almost identical to the previous month but increased significantly year-on-year, according to the Council of Mortgage Lenders. Lending in February was an estimated £10.7bn, relatively unchanged on January’s £10.65bn but 14% higher than February 2011. Bob Pannell, chief economist at the CML, says that while a seasonal decline is […]

Look to niche areas for ongoing growth

The avalanche of lenders changing their interest-only policies over the past few weeks is likely to cause a ripple effect among small lenders that will find themselves swamped with applications.


Employers fined £52,500 for auto-enrolment failings

By Jamie Clark, Business Development Manager The Pensions Regulator (TPR) has taken the step of naming and shaming employers that have been served County Court Judgments (CCJs) for non-payment of auto-enrolment fines. We take a look at what this means for employers, their employees and advisers Shamed into action? Sixty-four employers have been served CCJs […]


News and expert analysis straight to your inbox

Sign up