View more on these topics

Mark Blackwell to leave A&L

Mark Blackwell, director of intermediary sales at Alliance & Leicester, has been made redundant after just a few months in his role.

A spokeswoman for A&L says because it is focusing more on higher asset quality lending rather then volume, it unfortunately had to make Blackwell’s role redundant.

A&L says it will not be making anymore redundancies at the moment and Blackwell’s departure was the result of a review of the intermediary sales division senior management structure.

Blackwell, who previously worked as head of corporate and specialist intermediary sales at Cheltenham & Gloucester joined A&L as a replacement for Mehrdad Yousefi, who left the lender to join Merrill Lynch’s brand Wave.

Blackwell also left his role at C&G after less than a year after being poached by A&L.

He previously worked at the Derbyshire where he was marketing director and was responsible for helping build and launch Salt, its specialist arm.

Recommended

Equity release set to boom

Explosive growth is imminent in the equity release sector, according to Safe Home Income Plans.This prediction comes despite a recent report from the Council of Mortgage Lenders which highlights the slow growth of the equity release market in the UK compared with the US, Australia and New Zealand.SHIP insists the UK equity release sector will […]

Mform rejects remortgage fears

Mform.co.uk says remortgaging fears are being overblown as a result of the liquidity crisis. Research by the website shows that average LTVs for borrowers buying in the past three years range from 58% to 68%. This puts customers who are remortgaging this year in a stronger position than many had feared.

Top packager says sector’s end is nigh

A leading packager has heralded the death of the packaging market.The source claims lenders no longer need loan origination which means that packagers without sufficient funding to plug the resulting income shortfall are likely to go under.He says: “There is no future for privately owned packagers. We are hanging on but we’re desperate for cash. […]

The offset alternatives

With consumers’ money having to work harder in light of the liquidity crisis, brokers should consider how offset and current account mortgages could help, says Mark Skinsley

Show me the money – earnings are central to performance in Europe

Equity markets globally currently remain vulnerable to sharp shifts in sentiment caused by either unexpected or unwelcome outcomes in key upcoming political events (the US and German elections, Brexit and the Italian referendum). These top-down influences, combined with the current low global growth environment, will likely lead to broadly directionless markets, and prolong the current low beta return environment. We do, though, […]

Newsletter

News and expert analysis straight to your inbox

Sign up