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Nigel Stockton to join Countrywide

Nigel Stockton is leaving his position at Lloyds Banking Group to become financial services development director at Countrywide.

Stockton is currently sales director of mortgages at Lloyds but will join Countrywide on October 1.

Lloyds is believed to have no replacement lined up as yet.

Stockton says:: “It’s always difficult to take the decision to leave. I’ve had a fabulous time working for Lloyds Banking Group, but I really feel that this is the right time to take on new challenges.

“I’m thrilled to be working with Grenville Turner again. I really wish Colin Walsh, Peter Curran and all of my former team all the very best.”

He adds: “During my time in the industry I have always respected Countrywide for being dynamic, professional and forward-thinking, and I look forward to be joining the UK’s largest property services Group.”

Grenville Turner, group chief executive of Countrywide, says:“Nigel brings a wealth of experience to this new role after nearly 20 years in the lending industry and will be using his expertise to help build on our position as the UK’s largest mortgage broker.

“I’m keen to ensure that we continue to build on the fantastic progress we’ve made in recent years to explore new ventures and opportunities, and Nigel will play an important role as part of our senior management team to drive the company’sfuture direction.”

Stockton was previously managing director of HBOS Intermediaries until he took control of all Lloyds’ intermediary mortgage brands.

He joined HBOS’ corporate partnerships division in 2003 and moved to Halifax Intermediaries a year later.

He then became managing director of Birmingham Midshires where his role was expanded to include brands such as Halifax, Bank of Scotland and Intelligent Finance.

Prior to working at HBOS Stockton was business development director at financial website TheStreet.co.uk and commercial director of ft.com.

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  • j c 30th August 2010 at 10:11 am

    wouldn’t it be uncanny if hbos refuted their agency as he did to so many poor innocent brokers.

  • Andrew McGann 26th August 2010 at 12:05 pm

    He is headed to the company everyone loves to hate! ( ask any independent eatate agency based adviser). The remortgage market may not look great but neither does the purchase market. The future surely belongs to those brokers who are at least capable of building long term relationships and getting repeat business.

  • James Lindon-Travers 25th August 2010 at 2:48 pm

    Stocko going to Countrywide was probably the worst kept secret in the mortgage industry – I wish him luck.

  • Mark Stroud 25th August 2010 at 11:27 am

    It will be interesting to see if Countrywide brokers will now start advising on the huge number of direct deals offered by the Lloyds brands.

  • Mark Glithero 24th August 2010 at 4:51 pm

    Grenville actually thought he was hiring Anton Du Beke but Stocko turned up instead!

  • Fred the red 24th August 2010 at 4:45 pm

    A great loss for Lloyds, a pleasure to work under, always seemed genuine and honest.

    But Nigel..why go over to the dark side???

  • Trevor Goodridge 24th August 2010 at 4:06 pm

    I wonder how heavy the targets will be to miss sell for the limited selection of panel lenders so as to justify his salary. Not forgetting the conflicts of interest that exists in the Countrywide Agencies. A broker should act in the best interest of his client as purchaser in confidence!

  • alex king 24th August 2010 at 3:53 pm

    if he believes that remortgaging is dead then surely joining the largest estate agency group in the UK is a bright move….

  • Mark Harris 24th August 2010 at 3:44 pm

    I bet he cannot wait to get his teeth into the new job, they are certainly bright enough!

  • Geoff Laird 24th August 2010 at 3:16 pm

    Oh dear, another who thinks the grass is greener on the other side, just wait until the honeymoon is over and then watch the situations vacancy column at Countrywide

  • j c 24th August 2010 at 3:15 pm

    This is also the man who said lenders dont need intermediaries – what a hot air balloon he is turning out to be. Wonder if HBOS were beginning to see thru him.We certainly did.

    His all time classic must be “home owners should use a pension or a good savings plan to pay off mortgage, not sale of property”, after all endowments etc died a death how long ago

  • Roger Jones 24th August 2010 at 2:41 pm

    This is a man who believes remortgages will finish completely. Why is he going to Countrywide?