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Commercial First boss hits the jackpot at Grand National

Commercial First chief executive David Johnson was in the winner’s circle this weekend following a win at the Grand National.

Johnson’s nine-year old chestnut gelding Comply or Die, won the £800,000 purse with Johnson reportedly taking home £344,320.

In a press conference after the race, Johnson says: “Timmy gave him a great ride and the Pond House team have been brilliant. I didn’t win it with Martin but the yard is very much a family yard and David is proving a great trainer in his own right.”

Meanwhile another financial adviser won even more at the races on Saturday without even attending.

David Smith, a Kent-based financial adviser, bet £32 using BetFair’s online Tote system won over £510,000 on the races.

In a newspaper interview Smith says: “It’s got to be the best £32 I’ve ever spent. I was jumping for joy. It’s unbelievable. I went out that night with a pal to celebrate.

“Not having to pay tax on it is another massive bonus. My biggest winner before this was £5,000.”


A&L to cut SVR by 0.25%

In line with the Bank of England’s recent interest rate cute Alliance & Leicester will be reducing the SVR on its mortgages by 0.25%.

Complete offers debt management service

Mortgage packager and distributor, Complete Mortgage and Loan Services has joined forces with Nationwide Financial Management Limited to offer brokers the Complete Debt Solution.Tristan Pile, head of sales and marketing at Complete, says: “In today’s marketplace it increasingly difficult to source mortgages for sub prime debt consolidation purposes, as lenders continue to tighten criteria to […]

Competition targets brokers

The Mortgage Alliance and Loanmakers have announced an exclusive competition for members to win a five-star hotel and theatre break in London. To qualify, brokers need to submit a lead to Loanmakers between April and June.


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