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New management team at Britannia Building Society

Britannia Building Society has confirmed Neville Richardson as its new group chief executive.

Richardson succeeds Graham Stow, who becomes executive vice chairman pending his retirement in May 2003, following the completion of his year in office as chair of the national Building Societies Association.

Richardson was formerly deputy chief executive, and joined the society as group finance director in 1998.

Meanwhile former operations director John Suffolk becomes managing director, member business, responsible for running the core savings, investment, mortgage and home services business.

Gerald Gregory becomes managing director of Britannia Capital Investments Group, including Britannia International, Britannia Treasury Services, Commercial Lending, Platform, Verso and WMS.


Cheltenham & Gloucester relaunches intermediary payment scheme

Cheltenham & Gloucester relaunched its intermediary payments scheme this week. The new scheme replaces the payment of a fixed sum with a percentage system based on the size of the loan. For loans introduced with a loan to value of up to and including 90%, a percentage payment of 0.30% of the loan size will […]

Lenders &#39could be vulnerable&#39

The Council of Mortgage Lenders has warned that FSA interpretation of regulations governing mortgage contracts could be costly and leave lenders vulnerable to Ombudsman complaints.The Unfair Terms in Consumer Contracts regulations were agreed in 1999. They were originally policed by the Office of Fair Trading. But now the FSA will issue guidance on the terms […]

Abbey National relaunches mortgage range

Abbey National has revised its mortgage range, to goes on sale from November 6 2002. New deals include a five-year capped rate at 4.94% and a flexible mortgage at 4.69%. Other existing deals include a five-year fixed rate at 4.75%, a one-year fixed rate flexible mortgage at 4.49%, followed by Bank of England base rate […]

Doshpoint develops IFA network

Internet entrepreneur John Whitney is seeking IFAs with mortgage expertise to join a national network of advisers he is developing for Doshpoint, his latest internet venture providing expert mortgage advice to consumers. Witney, co-founder of, is aiming to remove the headache for homebuyers searching through the thousands of mortgage products currently available. David Reaney, […]


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