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Industry rallies in support for Rob Jupp

The mortgage industry has rallied around in support for Rob Jupp, director of Savills Lending Solutions, following the news yesterday that all staff at the firm have been placed in consultation.

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Simon Jones, director of Savills Private Finance, says: “The specialist market has been hard hit and due to continued difficult trading conditions we have entered into a period of consultation with all employees.”

Jupp, formerly managing director of Personal Touch Packaging, joined Savills in September 2008 to launch SLS.

David Shortt, former director of Goldsmith Williams, says: “It is devastating news for Rob and his team. Rob is a hardworking, honest, upstanding and professional person and it is such a shame this has happened.

“He has a huge amount of friends in the industry and his reputation proceeds him. He is a sensible and level headed man so I imagine he will take his time and make sure it is the right decision before he accepts any job offer.”

David Copland, managing director of Pink Home Loans, says: “It is sad to see, but packaging seems to have been squeezed out of the market.

“I hope Rob is okay. He’s a good guy and quite vocal in the industry. He is an entrepreneurial type of person so I am sure he won’t have any problems finding another job.”

Roger Morris, sales and marketing director at Affirmative Finance, says: “Rob is one of the industry’s good guys. He has run a successful business at Savills Lending Solutions. I’m sure the right person will come along and offer Rob a job that is equal to his ability.”

Kevin Duffy, managing director of Mortgageforce, says: “The demise of the specialist sector brought the business to an end. Rob will live to fight another day and anyone who hauls his timber around Europe’s marathon routes has resilence and tenacity in high reserve.”

Tony Crossley, director of the Mortgage Trading Company, says: “The market will be a poorer place without Rob, but I am sure we will see that giant frame in one guise or another in the near future.
 It is a shame, as things finally started to look as though they were improving for the beleaguered packager community.”

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  • Paul 23rd August 2010 at 9:38 pm

    sad day for Rob & the guys. he is a real character – i’m still sore from our arm wrestling in birmingham all those years ago!!!

  • Peter Eater 10th August 2010 at 4:22 pm

    I worked for Jupp 12 years ago as a new mortgage advisor and what he taught me as a young 20 something advisor stays with me to this day. He is the tallest man I have ever met but take away this and he is just a top man!

    I look forward to seeing him run Brighton and Hove Albion FC or seeing his career development for whoever is lucky enough to employ him.

    A freak but also a legend!

  • Paul Tilley 10th August 2010 at 11:59 am

    I know Rob from his Estate Agency days, he is a nice chap, for sure.

    However, I think we need to recognise that the Packagers have been responsible for, and made their living from, the type of lending that has been proved to be excessively high risk. When Packagers specialised in self-cert, adverse and buy to let as that was where the larger packaging and proc fees were it was obvious that the business model was not going to survive the shake up of the lending criteria.

    The place in the market for these type of firms was quite often to secure loans when, let’s be honest, they should have been refused. I’m not suggesting that either Savills or Rob were providing these types of mortgages, but when Packagers openly email brokers saying that they can secure 80% lending with capital raising on a self-cert basis, for clients with ‘unlimited’ CCJs and six months mortgage arrears, you have to question who benefits from those schemes? Does the client? Or is it just the broker and the packager who will both take a 1% fee from the lender?

    As sad as it is for people to be placed in consultation, and to lose their jobs, one should question the business practices that have been, at least in part, responsible for the products, and therefore the viability of the business, being withdrawn.

    I wish Rob and all his colleagues all the best, but can’t help thinking that they must have seen this coming.

  • Kit Thompson 10th August 2010 at 11:13 am

    Having had the pleasure of working for Rob between 2001 and 2009 in various roles and companies, including The OFM Group, Personal Touch Packaging and Savills Lending Solutions, I can honestly say that he is a man of honesty and integrity. He has worked tirelessly for the greater good of the intermediary and packaging sectors for over a decade now, always being at the forefront of new ideas, innovation and good old fashioned hard-work. You cannot keep a good man down – especially one of Rob’s stature! Having personally helped to grow SLS from the beginning, in to what many intermediaries will have considered to be the market’s “leading” packager, it was a sad day to hear of it being yet another casualty of this unforgiving market-place. SLS is a good business, run by good people and I wish all my friends and ex-colleagues the very best of luck finding new roles within the industry. As for Mr Jupp… personally I will be very interested to see his next move, as you guarantee it will raise a few eyebrows and shake things up once again.. Onwards and updwards hey mate? All the best, Kit

  • Ancient Wisdom 10th August 2010 at 11:11 am

    The skill of any business owner is to be able to keep the business afloat during tough trading conditions.

    Pats on the back for this man wont save the business or staff – brokers need to group together, share ideas, systems, costs and carve out a niche for their businesses so that they are in control, as opposed to lenders. Lenders are not supportiung brokers any more – and that wont change.

    The unfortunate thing with all the brokers, are that they dont share ideas or network – no wonder the big companies are closing down.

    Expect more closures in the coming 12-24 months as demand for property collapses on the backdrop of rising rates, dual pricing, tighter criteria, higher taxes, inflation and VAT – there will be a fall in houseprices – the buig question now is which firms will fall as well….

  • Terry Young 10th August 2010 at 11:09 am

    Let’s not write Rob off yet and assume the worst. A consultation process is underway.

    Its interesting that MMR may still present technology orientated “packagers” still standing with opportunities. Question will be who will be in the game come early next year – will Savills see the opportunity and be able to hang in there with Rob?

    And no I am not a die hard “packager” just a pragmatic opportunist!

    Best wishes Rob and hope to see you still in the game after the cosultation..