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New development boss at SPML

Southern Pacific Mortgage Ltd (SPML) has strengthened its business development team with the appointment of Fred Paton to the position of head of corporate development.

Paton has held senior positions with Mortgage Express, the Royal Bank of Scotland and regional building societies, and has many years experience in the intermediary-based mortgage market.

In his new role, Paton will support and develop additional distribution channels for the business, particularly within the corporate market.

John Prust, sales and marketing director at SPML, says: “I am delighted Fred has joined SPML in a very important role for the development of the business. He joins us on the back of an outstanding year of growth for SPML and his extensive knowledge and industry contacts will be very important as the company moves to the next stage of its growth.”


Boiling point

The Bank of England didn&#39t spring any surprises last week after it left interest rates on hold at 4%. Indeed, one corporate scandal after another and the stockmarkets fluctuating widely may delay the next rate rise until 2003. As a result, lenders are starting to relax their fixed rate pricing, meaning there&#39s plenty of opportunities […]

UCB reduces rates on fixed mortgages

UCB Home Loans, the self-certification lender and subsidiary of Nationwide Building Society, isreducing the rates on its entire range of fixed rate mortgages from 5 August 2002. The reduction applies to both residential and investment buy-to-let mortgages. Residentialrates will reduce by 0.36% for the 2 & 3 year products and 0.26% for the 5 year […]

New customer services boss at Scottish Life

Scottish Life has appointed a new customer service director in the form of Isobel Kennedy, currently head of customer services for Royal London at their Wilmslow operations centre. Kennedy takes over from John Wallace, who retires after 35 years service at Scottish Life. Brian Duffin, chief executive of Scottish Life, says: “I am delighted to […]

BM won&#39t lend in Scotland

From George WilliamsonWhile it seems that BM Solutions is doing great, it does not wish to be great in Great Britain. While in theory it says it will lend in Scotland, in practice its systems make it almost impossible to recommend it to my Scottish clients. Why? In Scotland, an offer to purchase a property […]


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