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Former Optoma chief in partnership talks

Andrew Seymour, former chief executive of Optoma Mortgage Services, and Connect Mortgage Group are locked in negotiations about establishing a packaging partnership.

Seymour thinks a combination of his experience, contacts and sales team with Connect’s back office system could pay dividends.

He says: “There’s a place for a firm that offers brokers quality services and an experienced sub-prime salesforce.”

Seymour resigned as a director of Optoma on February 27 although he still retains shares in the firm.

He alleges that the packager has been haemorrhaging money as a result of merging with Diamond Lifestyle. Diamond was unavailable for comment as Mortgage Strategy went to press.


Cutting fees would be short-sighted

It would be unwise for lenders to cut brokers’ proc fees because they would find alternative ways of drumming up business considerably more expensive, says Mark Harris

Personal loans increase may fuel reposession rise

A rise in unsecured personal borrowing may result in a repossessions increase this year, warns solicitor firm Moore Blatch. The repossession litigation specialist says the Bank of England figures, which reveal a rise in unsecured personal borrowing, show the pressure home owners will come under this year through mortgage and personal loan repayments.In a recent […]

UNIFi upgrades its loans portal

UNIFi Partners has upgraded its secured loans portal following revisions to the Consumer Credit Act.Until April 6 the legislation only applied to loans up to a maximum of £25,000 but it now covers all secured lending.The reformed CCA also compels lenders to provide borrowers with information about loan penalties, enforce- ments and arrears.The revisions include […]


Five ways to make your employee focus group session a success

by Debra Corey, group reward director  You just planned and booked what you thought was the perfect vacation for you and your family. You call everyone together to share the great news and instead of receiving sounds of glee and delight, you receive groans and complaints.Your youngest says: “I hate beaches, didn’t you know that?” (You think to […]


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