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Stockton triumphant in New York

HBOS’s Nigel Stockon was triumphant at this weekend’s New York City Marathon, clocking home an impressive three hours and 56 minutes to take the Dity Dozen crown.

The managing director of HBOS Intermediaries was running in the annual event as part of a crack squad of 12 marathoners assembled by Kevin Duffy, managing director of Hamptons Mortgages.

Of Duffy’s Dirty Dozen, Stockton was first past the finishing line with Mortgage Strategy’s former-deputy features editor Barney McCarthy following minutes later with a respectable time of three hours and 58 minutes.

David Bitner, head of mortgage partnerships at Bradford & Bingley (and who can be seen hard at work training for the marathon over a fag and a pint in this week’s Mortgage Strategy), was next to finish at four hours and five minutes.

A whopping quarter of a million pounds has been raised by the runners. For the full New York Marathon story, check out Mortgage Strategy in two weeks time.


NAEA says rate rise could have detrimental effect

Following the Bank of England’s decision to raise interest rates from 4.75% to 5% today, the National Association of Estate Agents believes that it could be a rise too far for a significant number of areas in the UK where the housing market is under performing.Peter Bolton King, chief executive of the NAEA, says: The […]

Connells to participate in government HIP trial

The Connells Group of estate agents is taking part in the government’s Home Information Pack trials, which started on November 6. The group has a near 500 strong network of branches and says it is the largest participant to date taking part in the trials. Its branches will be working with buyers and sellers to […]

Insomniac pays off mortgage

An insomniac has paid off her mortgage after she scooped £150,000 on late-night TV quiz shows. Financial expert Jo Richardson won £150,000 over the past year. She says: “I don’t sleep much which is perfect for entering competitions in which few people take part.”

A&L launch specialist products

Alliance & Leicester is amending its current range of specialist mortgages, including its tracker and fixed rate products.A&L are offering a buy-to-Let with two-year fixed rate of 5.29%, a maximum LTV of 75%, and free valuation. Remortgagers also receive £250 cashback. It is also offering a buy-to-Let, two-year Base Rate tracker at 4.90% and a […]


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