View more on these topics

The Mortgage Mole

Package Holiday

A nice time was had in Nice by Mole last week at the first Mortgage Strategy Mortgage Packager Summit, where some people managed to relax more than others.

Award for the least productive delegate goes to Kevin Duffy, managing director of Hamptons Mortgages, who, having chaired the opening session, failed to attend any of his own workshops or indeed any other sessions.

While chairing, Duffy was more than happy to dole out yellow cards to any speakers that promoted their businesses too readily. Unfortunately, the only red card he gave was to himself, with which he seemingly left the field.

All together

Jon O’Brien, operations director of the Professional Mortgage Packagers Alliance, toasted the news that the four packaging alliances would be getting together in harmony with the Association of Mortgage Intermediaries. In doing so he christened the new committee – comprising the PMPA, the Association of Mortgage Packaging Distributors, the Regulatory Alliance of Mortgage Packagers and Freehold – PAMPERED.

Judging by the amount of quality food and drink consumed during the Summit many would say the four are pampered enough already.

Flight of fancy

Award for the most decadent delegate has to go to Terry Pritchard who, along with a group of revellers, managed to spend around 12,000 on champagne on the first night.

Pritchard decided enough was enough and tried to jump from the balcony of the room that Matt West, editor of Mortgage Distributor, was staying in. It was all West and Strategy editor Robyn Hall could do to stop Pritchard becoming the birdman of Nice.

Byrne’s night Delegates were hugely en-tertained by compere Ed Byrne at The Mortgage Business gala dinner, and then afterwards long into the night at the hotel bar. So long in fact that Ed failed to wake up and missed his flight back to London. Mole hopes entertaining packagers hasn’t jeopardised his upcoming schedule.

Lost in France

Mole must thank Phil Richards of Platform after the driver of the coach getting delegates to the boat to sail them to the gala dinner got lost. Richard’s knowledge of Nice’s roads and some nimble Franglais got the coach to port in the nick of time. Mole suggests if mortgages ever fail for Richards, coach tours may be an option.

Sea change

Relief all round as delegates came into port for the gala dinner after a not so enjoyable boat ride. The Mediterranean, usually known for calm and warm seas, instead offered biting winds, massive waves and ice-cold spray. It was all Mole could do to hold onto his champagne.


Lenders face big payouts on exit fees

Lenders could find themselves doling out thousands of pounds in compensation to past customers following the introduction of measures regarding exit fees by the Financial Services Authority.

Mortgage Match launches website

Mortgage Match, Nottinghamshire, has launched a new website as part of a long term Information Technology strategy. Functions include an active online “application in principle” form, comprehensive downloadable documents, links to all panel lenders’ websites and information services for brokers to place and process mortgage and secured loan applications.Mary Kavanagh-Jones, director of Mortgage Match, says: […]

Hamptons backers reveal record profits

Hamptons Mortgages parent company Emaar has revealed record profits for 2006.Emaar has recorded a record annual net profit of US$1.735bn compared to US$1.288bn at the end of 2005, a rise of 35%. Annual revenue increased by 68% from US$2.276bn to US$3.813bn.Jonathan Cornell, technical director at Hamptons, says: Hamptons Mortgages is now part of one of […]

TMP launches online enquiries

The Mortgage Partnership has launched an online enquiry form that allows brokers to submit enquiries directly to its new business desk.

Now more than ever, we need to back the small developer

In the context of the current housing deficit, the latest housebuilding stats aren’t great. But what does doing better look like? The Department for Communities & Local Government published its latest figures at the end of August, which revealed that housebuilding starts in England rose 2 per cent in Q2 compared to the previous quarter […]


News and expert analysis straight to your inbox

Sign up