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Former broker Mike Thornton wins Eastleigh by-election

Former Northern Rock BDM and broker Mike Thornton has led the Liberal Democrats to victory in the Eastleigh parliamentary by-election, retaining former cabinet minister Chris Huhne’s seat for the party.

Mike Thornton

Thornton won the by-election with 13,342 votes, beating Diane James for UKIP with 11,571 votes, Maria Hutchings for the Conservatives with 10,559 votes, and John O’Farrell for Labour with 4,088.

The by-election was triggered by the resignation of former secretary of state for energy and climate change Chris Huhne after he admitted to perverting the course of justice in relation to a charge of speeding in 2003.

Thornton has been a parish and borough councillor since 2007 and most recently worked as a mortgage broker for Southampton-based firm Simply Finance.

Simply Finance director Peter Williams says: “Mike has worked in the financial services industry for a number of years and had been with us for around 18 months. He is a very personable and well- liked person and one who will do really well in this new position.”


Hinckley & Rugby scraps early repayment charges

Hinckley & Rugby Building Society is scrapping its last remaining early repayment charge, which previously applied to its five-year fixed rate up to 80 per cent LTV.

House UK Property 480

41% of homes sold for a loss since 2007

Over 130,000 families have sold their home at a loss since 2007, representing 41 per cent of transactions in England and Wales, according Government figures.


Lloyds tops FOS complaints data

Lloyds Banking Group has emerged as the business group most complained about to the Financial Ombudsman Service for the second half of 2012.


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