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Dream comes true as broker wins Platform car

Platform presented broker Duncan Clarke with a mint condition 1968 Mercedes 280 SL car at the the London Mortgage Business Expo.

The classic car had been displayed on the Mortgage Strategy stand during the Expo. For the past six months Platform has been offering the car as the star prize in a competition that was run in association with Mortgage Strategy.

Clarke, a self confessed motoring nut and owner of brokerage Peak Financial Management, tells Mortgage Strategy: “I’ve had old cars for the last 30 years. To win this Mercedes is the stuff of dreams for me.”


B&B purchases loan portfolio of 410m from GMAC-RFC

Bradford & Bingley has purchased a mortgage loan portfolio from GMAC-RFC for 410m. This is the fourth and final purchase resulting from an agreement made in January 2005 to acquire up to 1.4bn of loans during 2005 from GMAC-RFC.The purchase, funded from B&B’s existing resources, has been made by Mortgage Express, its wholly owned subsidiary.This […]

BoS launches large loan and mainstream mortgage range

The Bank of Scotland mortgages has launched a range of tracker and fixed rate mortgages across its large loan and mainstream mortgage portfolios.For large loan customers there is a two-year tracker product offering a rate of bank base rate plus 0.09%. The arrangement fee is 499 and the product is available for up 75% LTV. […]

Market defies pessimists and the outlook is stable

The intermediary market is at the heart of HBOS’ mortgage business. More than 70% of our mortgage business is now introduced through brokers. We have an excellent combination of new and established colleagues in our top team determined to continue to make life difficult for our competitors. We have defined more distinct boundaries between the […]

Fab Four may be in the dog house over HBO contracts

The four directors who resigned from Chester-based lender The Mortgage Business earlier this year are believed to have been carpeted by HBOS for breaching solicitation agreements in their employment contracts. Former TMB managing director Bill Dudgeon, sales director Mark Bergin and fellow TMB directors David Parry and Paul Graham quit in September to spearhead the […]


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