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CML man to quit

Peter Williams, deputy director-general of the Council of Mortgage Lenders, is to leave and become a self-employed consultant.

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Hometrack Consumer appoints director

Hometrack, the UK housing information business, has appointed Julia Grinham as director of Hometrack Consumer.She joins the company from UpMyStreet.com, where she has been running the business for the past three years. During her tenure she successfully took the website into profitability, increasing the user base to over a million visitors per month and attracting […]

Northern Rock increase variable rates

Northern Rock is increasing its variable mortgage rates following the increase in the Bank of England Base Rate on 3 August 2006.For Northern Rock borrowers whose loans qualify for a loyalty discount after seven years, the new Loyalty Rate will be 6.59% per annum with effect from September 1 2006 following a 0.25% discount off […]

Assetz launches new property fund

Assetz Fund Management is to lauch a new property fund providing developer finance for a 75m mixed use scheme in Ipswich.The launch comes following the Finance Act on July 20, which confirmed that indirect residential property ownership is permitted within a SIPP.The fund will help finance the landmark scheme, The Mill, a 75m new waterfront […]

Pitt and Aitken join Kensington

Brian Pitt and Stuart Aitken were welcomed back into the mortgage market last week as they joined Kensington Group to investigate opportunities in the specialist lending sector. Pitt resigned as director of sales and operations at Beacon Homeloans in May, two months after Aitken resigned as director of credit at South Pacific Mortgages Limited. John […]

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