View more on these topics

First Mortgage Options unveils expansion plans

Specialist mortgage packager First Mortgage Options plans to take on another 20 staff after the company&#39s business doubled in size during 2002.

The vacancies will be created in the company&#39s rapidly expanding mortgage processing department. More jobs could be created if the company exceeds its targets.

During the last year the Northwich-based FMO generated £120m in sales of its range of mortgage, remortgage and secured loan products.

Debbie Lloyd, operations director, says: “We&#39re recruiting now so that we are in a position to continue growing. While we are looking for experienced people in the financial services industry, we are not blinkered in our approach – we simply want to employ quality people.

“If that means they are not familiar with our market, but have got the right attitude and aptitude, then we have an in-house training and qualification programme that will bring them quickly up to speed.”

FMO specialises in offering residential mortgages and secured loans to people who fail credit scoring systems at high street lenders.

Alan Hill, managing director of FMO, says: “We are absolutely delighted with our progress. I expect at least 20 jobs to come on during the course of the year, with more likely to come online by the end of the year.”

The company says its rapid expansion is being aided by the huge growth in loan products designed to help consumers consolidate their debts.

Recommended

Regulatory dilemma could drive me to litigation

An open letter to Luke March, chief executive, Mortgage Code Compliance BoardDear Mr March, as the December 31 deadline loomed for the mortgage exam, I felt it was time to update you on my own situation. I sat the MAQ Bridge paper for the ninth time on December 3 2002 (and am awaiting the result […]

Half of Britons plan to work after retirement

More than half of Britons plan to work after retirement, in a trend that may mean a number of middle-aged and elderly people delay their application for equity release products. However, one in three plan to retire early in their 50s, shows research by Lloyds TSB Prviate Banking. In contrast to the average Brit, more […]

MPLC strengthens its service infrastructure

Sub-prime lender Mortgages PLC has strengthened its systems and infrastructure after record lending in 2002 led to several service issues.Paul Thomas, chief operating officer of Mortgages PLC, says: “We had a record year in 2002. Throughout that time we have been looking at both our systems and infrastructure and have strengthened both.“We&#39re looking to recruit […]

Bradford & Bingley goes the distance with Shelter

Bradford & Bingley has agreed to be the key sponsor for Shelter – the official charity of The Flora London Marathon – with a £100,000 donation. The marathon, which takes place on April 13 2003, attracts around 38,000 runners, amateurs and professionals alike. Shelter is aiming to attract over 1,000 runners, raising more than £1m […]

Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Pension freedom: wish you were here?

Out there lies a warm ocean of desert islands, sun, sand and palm trees, where individuals can choose how and when to tax-efficiently access their pension fund and realise the retirement dreams they have worked so hard for.

Newsletter

News and expert analysis straight to your inbox

Sign up