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HSHL hires new Packager Relationship Manager

High Street Loans (HSHL) has hired Packager Relationship Manager, John Cullen, 42, in an

attempt to build a major new distribution channel for its range of non-conforming mortgages.

The appointment follows last week&#39s announcement by the company that it is to launch a new

initiative to recruit up to 100 new packaging partners by the end of the year.

They wish to develop new partnerships with large and medium-sized intermediaries who are

eager to have more responsibility for making more lending decisions.

John Cullen joins HSHL after enjoying a career in the UK mortgage industry spanning 20 years.

Cullen, has previously worked in business development roles for Nationwide Building Society,

The Derbyshire Building Society, Leeds & Holbeck, Verso and The Mortgage Operation.

John Cullen, comments: “The High Street Home Loans brand is becoming increasingly well

known among the packaging and intermediary communities. I will be looking to use this

recognition to my benefit as I set about the task of building a major distribution channel with

established packaging companies across the UK.”

Joint managing director of High Street Home Loans, adds: “A lot of our plans over the next 12

months are based on developing relationships with packagers. John will be perfect for this role.

He&#39s got over 20 years experience of working in the prime and non-conforming markets.


Brokerage denies ex-employee&#39s malpractice accusation

Master broker theblack&whitemortgagecompany has strenuously denied allegations of malpractice made by a former employee.Several claims against the brokerage, which appointed its 200th mortgage adviser in July, have been made by the former employee. But chairman Chris Ollerenshaw denies the claims.He says: “This is obviously one of our ex-sales staff who has become a little disgruntled. […]

MPC keeps rates unchanged

The Monetary Policy Committee (MPC), kept rates unchanged before going off on its Augustholidays, because it is generally thought that the house price boom has not come to an end. It was believed that due to the unusual circumstances in June, such as the World Cup and theJubilee Celebrations, the weak retail sales figures could […]

Home reversion to escape regulation

Home reversion schemes will not join mortgage-based equity release products under FSA regulation, the Treasury announced today. The Treasury does not consider that is has the power to give the FSA responsibility for regulating home reversion products, which are equity release schemes that involve the sale of the property by the &#39borrower&#39 to the person […]

Professionals must be authorised to give advice

Professionals such as solicitors will need authorisation or appointed representative status if they recommend a particular mortgage product, the Treasury announced today. Most respondents to the Treasury&#39s consultation paper agreed that solicitors undertaking conveyancing should not be required to be authorised merely because they offered general advice to the borrower, but that they should if […]


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