View more on these topics

Broker wins £10,000 Harrods shopping spree

One lucky broker has won a once-in-a-lifetime £10,000 Harrods shopping spree from Mortgages PLC.

The prize draw was the culmination of a competition the company has been running since the launch of its On Demand online trading system in February 2006.

All brokers who registered to use the On Demand online system were entered into the competition, with five winners awarded a £100 Harrods voucher every month. Then at the Mortgage Business Expo in London two weeks ago all 45 former winners were entered into a grand prize draw.

Richard Dearlove, national operations manager at Leicester-based AWD Finance, was the overall winner. At the Expo he was handed details of his Harrods shopping spree by Julian Wells, head of marketing at MPLCOn top of the £10,000 to spend at Harrods, Dearlove and a partner will also be transported to and from their home in a chauffeur-driven luxury car, will be put up for two nights in a luxury West End hotel and will also have dinner at Gordon Ramsay’s awardwinning restaurant Maze.

Dearlove says: “I know online mortgage systems make life easier but I didn’t think they would also make me so much richer. I don’t need to worry about Christmas presents this year.”

Wells says: “It was a pleasure to do the prize draw and award it to someone who’s so clearly pleased with it. I’m sure it will be a weekend to remember for Richard and his wife.”

Recommended

Affordability not key to high LTVs, says CML

Research published by the CML concludes that there is no evidence for the assertion that housing affordability pressures are driving borrowers to take out interest-only mortgages, without having a plan for repaying the amount borrowed.The research, which focuses on comparisons between borrowers who take out repayment and interest-only mortgages, shows that interest-only borrowers take out […]

FSA publishes anti-money laundering tool

The Financial Services Authority has published an anti-money laundering self-assessment tool.The aim is to prompt small firms to focus on and satisfy themselves that they are addressing their legal and regulatory obligations to combat financial crime. This follows the move to a more principles-based approach to anti-money laundering controls that was introduced on September 1.The […]

Housing frenzy continues

Capital Fortune indicated yesterday that the housing frenzy in Britain appears to continue with borrowers racking up an additional £10bn of borrowing last month compared to the previous month.This was echoed by the Bank of England when it announced that lending secured on dwellings rose by £9.808bn the highest since September 2003 when house prices […]

Net challenge

Consumers are increasingly likely to apply for mortgages online and brokers should position themselves accordingly, says Gurnam Bhuller

Newsletter

News and expert analysis straight to your inbox

Sign up