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Packager bosses are trying hard to rebuild confidence

I read with interest the recent letter from Kevin Friend (Mortgage Strategy April 21) in which on one hand he applauds Terry Pritchard for doing everything he could to keep Chase UK going and on the other, urges bosses of other packagers to shut up shop.

For someone who seems to have moved around the mortgage market with some regularity in the past few years to pontificate on what others should do with their businesses is unfortunate, to say the least.

It might surprise Friend to learn that many of us are manfully doing what we can to rebuild confidence in the sector to offset the negativity of the doom merchants and also ensure we provide a future for our businesses and staff.

I have a simple request to the purveyors of gloom – give it a rest.

Vic Jannels
Chairman All Types of Mortgages



Hanging onto the ladder for dear life

The latest news from housing charity Shelter says the boom in house prices since 1998 means many first-time buyers have been unable to get on the property ladder. I didn’t see that coming.

RBS to distribute shares

RBS directors will meet next month to distribute shares connected to its recent rights issue.

Edeus quits lending and shifts focus

Edeus has stopped new lending and has rebranded itself as edeus market innovators.The firm has also made its 50-strong origination team redundant, subject to a 30-day consultation period.Among the departing staff are director of packaging Terry Pritchard, director of distribution Gary Webster and commercial director Martin Reynolds.Last week Mortgage Strategy Online exclusively revealed that the […]

PMPA calls on lenders to give more notice for product withdrawals

The Professional Mortgage Packagers Alliance is calling on lenders to review their position and ensure more reasonable notice on the withdrawal of products, allowing enough time for pipeline business to be processed.Contributing to the debate initiated by the recent open letter to intermediaries from John Malone and other major mortgage luminaries, PMPA thinks lenders need […]


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