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Deirdre McManus appointed acting head of sales at B&W

Deirdre McManus has been appointed acting head of sales at Bristol & West Mortgages after Brian Everett quit the company to pursue career options believed to be outside the mortgage industry.

McManus is widely respected in the mortgage market and has a solid background, having worked for Bristol & West for the past 13 years. For the past five years McManus, known for her tough negotiating skills, has been regional sales manager for the central region which includes London &#45 possibly the toughest patch in the UK.

Although McManus&#39s appointment is as acting head of sales, insiders believe her to be firm favourite to take the post full-time, should she apply.

Dominic Toller, B&W Mortgages head of marketing, says: &#34Deirdre has a wealth of experience in the mortgage industry and has spent the past five years cracking the London market. I&#39m sure she will do well in this new role.&#34

In a letter to intermediaries, Stewart Wright, managing director of B&W Mortgages, says: &#34As we approach regulation, this change will not in any way disrupt relations between our businesses. Our sales and servicing teams will be working extra hard to ensure business continues unaffected.&#34


More families moving to France but working in Britain, says Conti

There is a increasing trend towards families buying together in France but living apart during the week, says overseas mortgage specialist Conti Financial Services. Conti&#39s regional manager for France Ben Maher says: “We are seeing more couples with children making the lifestyle change to move to France in order to clear debts and start a […]

C&G to hike interest rates

The rates payable on all C&G variable rate accounts will increase. Most accounts will increase by 0.25%, the exceptions being Direct Transfer and Direct 30, which will increase by 0.15%. C&G&#39s bonus tracker, which guarantees to track the Bank of England base rate until January 2008 will increase by 0.25% to 4.95% per year gross […]

Kensington offers no legal fees and cashback on remortgage products

Kensington Mortgages will be offering free legal fees for its remortgage products across its mortgage range, excluding buy-to-let and residential investment mortgages from July 1. It will also be giving £250 cashback on these remortgage products. Alastair Pate, director of marketing and strategy, says: &#34This is the first time that Kensington has launched a free […]

Net lending up 39% at UCB Home Loans

UCB Home Loans yesterday released figures for the financial year to March 31 2004. The year-end figures reveal that net advances increased by 39% to a record £718m. Gross mortgage lending reached a record £1.9bn, up 19%, total mortgage assets were up 17% to £4.8bn and pre-tax profit, at £50.9m, remained similar to last year. […]

A bull case for US equities?

Neptune video: a bull case for US equities?

Watch Felix Wintle, head of US equities at Neptune, discuss why he believes US equities are in a structural bull market and the key factors that can drive the S&P 500 higher.

In the video, Wintle addresses the following:

• The US market and why — despite equities rising from 2009 — he believes the structural bull market only started in 2013
• Key economic and corporate factors that can drive the S&P 500 higher
• Investment themes and sectors offering exposure to the domestic recovery


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