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Home of Choice announces roadshow dates

Home of Choice has announced a series of roadshow dates for its advisers, which are designed to inform them about the network’s new owners, believed to be LSL Property Services.

Money Group’s managing director Tony Murtagh has confirmed to Mortgage Strategy that he has made a bid for Home of Choice but says he will withdraw it if LSL Property Services confirms it will not place the firm into administration.

Gerry O’Brien, CEO of Home of Choice has written to advisers, saying: “Further to previous communications I am writing to confirm the details of the series of events Home of Choice is arranging for you, as firm principals (and any Advisers you wish to attend) this week around the UK.

“These will be hosted by a Home of Choice board director, your regional sales director and a senior director representing the investors.

“These will cover authorisation, delayed payments, pipeline business and information about the new owners.”

He adds: “Can I also remind you that Home of Choice is not in administration and normal service is currently being resumed.”

He says its providers are aware of the current situation and are giving it their full support.

He adds: “On behalf of the Home of Choice Board I would like to confirm that we are delighted with the progress made to date on taking the business forward, and we look forward to sharing more details with you over the coming days.”

The meetings will be held on:

WEDNESDAY 5thMAY

9.30am–Chippenham Head Office

10am–Park Inn St Helens

1pm –  Ramada Jarvis Hotel Wetherby

2.30pm–Holiday Inn Brentwood

THURSDAY 6thMAY

8am–Ramada Encore NEC Birmingham

2pm–The Dunadry Belfast

FRIDAY 7thMAY

10am–Radisson Blu Glasgow

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  • Sterling morrison 20th January 2011 at 3:13 pm

    Tony Murtagh pay his staff on time? pay expenses on time? Shureley shome mishtake here! Ask the workers at Baltic Pine what happened to their wages and expenses when he pulled the plug.
    I hope he has changed his ways its a small world

  • A BROKE X HOC AR 7th May 2010 at 11:35 pm

    it seems Mr Patterson has forgotten his involvement with Choice Worldwide and the money lost
    No one should listen to him or trust what he says

  • John Reid 7th May 2010 at 12:28 pm

    A Directly Authorised Broker, trying to let the AR’s know of the lies I personally have been told by many networks over the last 5 years. There is a lot more out there than being taken in by a network. I am not gossiping I am giving my opinion on what a HOC spokeswoman, Gerry Obrien and any others have stated to the press. to name a few….Cant pay because we have problems with BAC’s (not very true now was it), We are calling in Administrators this afternoon, oh no we are not we are in talks, oh yes we will be in administration for a short period of time… You have to sign a 12 month contract oh no you dont its only an amendment to the same contract you have already signed with us (very conflicting information coming out of HOC). If you were one of the brokers relying on some news this is very frustrating and extremely stressful… Would you trust what was being said I certainly wouldnt. Is that gossip? I think not unless you are now calling Mortgage Strategy liars of course and they miss reported all of the statements. 🙂

  • A BROKE X HOC AR 7th May 2010 at 2:29 am

    Is that the Donald Patterson that assured HOC AR’s and their clients that Ocean View were a reputable company to invest our hard earned with when it turned out that they were thieves selling property and land they did not earn taking all the money with them Mr P and HOC wonderfull directors said and did NOTHING to help get any money back NOWT TO WI US GOV
    my message to Mr P is no one should listen to you and if I were you I would go back into low profile mode

  • Donald Paterson 6th May 2010 at 11:37 pm

    To John Reid 12.58 – I have been HOC since the start and listen to my 45 brokers on a daily basis. I give them practical advice during these times not gossip.
    who are you?

  • John Reid 6th May 2010 at 12:58 pm

    Mr Paterson when did you suddenly become Mr HOC who has the ability to listen to brokers and dealing with concerns? People are not putting their names to their post becasue they are trying ot safeguard their comission as who knows what happens if they piss off the Board at this point in time. Dont kid yourself not everyone on here are recruiters some, like me are on trying to warn people about the lies they may hear from HOC.

  • jp 6th May 2010 at 8:43 am

    I worked for Tony Murtagh for 3 years until December 2007… He was a very hard task master as he wants to succeed and make a success of all the businesses he has dealings with… A promise he made when I started was that you will always be paid on payday, and any expenses would be paid within a couple of days of head office receiving them. He honoured this in all the time i was there. If he is saying that he will pay what is owed then I am sure he will. I do not know why or what he is looking to do with HOC but if he wants you, you work hard and follow his structure you will be successful – he will help you make money because it will make money for him.
    HOC ARs need to look at the proposals set down by the two proposed purchasers to look at what is best for themselves…..It is no good taking the words of the directors who are causing you financial and emotional hardship. It is also funny to see the schedules of the roadshows.. if it the same people hosting the roadshows they are not expecting them to last very long or any questions asked before they have to shoot off to the next roadshow….. good luck for the future

  • JP 6th May 2010 at 7:00 am

    I worked for Tony Murtagh for 3 years and left his company at the end 2007- he was a very hard task master as his aim was to succeed and have successfull businesses – the aim was for all of us to make money if we worked hard and followed a structure……….from the start he promised to pay us on time and expenses paid within a day or two of receipt. He honoured this. If he is promising to pay ARs what they are owed then I am positive he will pay….. I do not know what Tony Murtaghs aim is for HOC, but if he wants you involved – you work hard follow his structure you will succeed. You can only make a decision for yourselves looking at the proposals from the 2 parties involved – why leave the decision and your future to directors who have failed you and put you in emotional and financial turmoil?

  • A BROKE X HOC AR 6th May 2010 at 2:58 am

    If HOC go into administration does this mean that I no longer owe them any money for clawbacks
    I wonder if messers obrien coulson and gracey will have high court bailifs knocking on their door like the ones they sent to mine

  • Donald Paterson - top 20 firm HOC 5th May 2010 at 10:01 pm

    Why post comments anonymously !
    They have no credability we all know they are posted in the main from outside recruiters. If you are a genuine HOC AR put your name to postings and then we might listen

  • tim jenkins 5th May 2010 at 4:44 pm

    Just to confirm the clawback issue your contract is with HOC if HOC go into administration your contract has terminated if they dont pay you within 1 calendar month of receipt of monet from lenders etc they have also terminated their contract with you so i guess thats around the 15th of this month for most brokers.

    make no mistake this is broken get some legal advice and get your application in with another network with money behind it

  • Iain Murtha 5th May 2010 at 4:44 pm

    The agreement for any business that has been transacted up to this point in time will be between HoC and the life offices, thus any clawback will be also geared towards them.

  • chris cartwright 5th May 2010 at 4:32 pm

    Please guys….let’s put things in perspective
    Home of Choice, No choice or Your Choice.
    It’s expected HOC will be in administration and the next day out of with NewCo
    AR’s will still be out of pocket, continue to be abused, shortchanged and left to deal with their own business and clients in a TCF environment
    And what will the Directors of HOC be doing – ‘fixing’ the BACS system they claim wasn’t working properly….and reflecting maybe on one of the FSA principles refering to ‘integrity’
    A deal to further ‘tie-in’ abused AR’s and shortchange them on overdue monies is far from the FSA principles we all subscribe to.
    So who is the next call to ? – HOC complaints dept ? the authorities ? or Mr Murtagh who told us ALL yesterday…100% of otsdg and ongoing income fully paid, no administration, network regeneration and enhancement ……I know who the next call should be to….you’ve got his number….please use it – I have – you will NOT be disappointed ! Let’s save our income and the networks future.

  • Anon HOC AR 5th May 2010 at 4:15 pm

    Can this be confirmed that HoC / LSL are responsible for any clawbacks? Or will the life providers come after us for rebroking policies to the value of the lost pipeline commission?

  • tim jenkins 5th May 2010 at 4:03 pm

    So the facts so far

    NO money without signing new contract
    They are going to take it into administration
    Most of the top 20 firms already have plans to leave to other networks

    Its time to move out guys this is a broken ship and there are only so many life boats make sure you are on one of them!!!

    ps oh yes they will scare you by saying the life offices can come back to you for clawbacks….2 notes here one your contract is with HOC not the life office its there problme and the reason they are broke and 2 if thats the case then they will certainly be getting clawbacks with LSL !!!

    Take time to look through the “smoke and mirrors”…its all rubbish

  • John Brown 5th May 2010 at 4:00 pm

    So let’s get this right…AR’s are owed £000’s by an organisation committed to a regulatory environment and who suggest there’s something wrong with the BACS payment system.
    They get strung along with one story and another – they are left to deal with their own income shortgages and client pipelines in a TCF environment.
    It’s expected the Company will jump into administration and jump out the next day. The debts will be gone and so too will the AR income.
    The management won’t be gone…but will the AR’s ?
    A ‘deal’ to tie in already abused and short changed AR’s would be disgraceful – especially when we were all told yesterday that The Money Group offered to keep the network out of administration and pay all AR’s IN FULL…and provide a ‘network re-generation’ opportunity
    So who do you phone next ?, the police, the FSA or Mr Murtagh
    I know where my next call will be made.

  • Unhappy AR again 5th May 2010 at 2:55 pm

    The new contract will be with new co.

    If it is with old HOC then we dont need to sign a new contract as we are in contract and hoc owe us the monies under the terms. They cannot force us to sign contract. The act of forcing us to sign a contract breaches the old one. If you leave to go elswhere and they are not in administration they owe us the monies.

    I would seek your own advice. Dont handcuff yourself for 12 to 24 months to get your monies from new co when it is being run by the same Directors that have taken your monies in the first place.

    You are being mislead , let the facts define the outcome…..

  • tmurtagh 5th May 2010 at 2:24 pm

    If anon..posted at 1.52 is “accurate” then i am very disappointed that the board rejected a bid that a/ avoided administration b/PAID EVERY CREDITOR IN FULL….C/ would have benefitted from two very active lead generating call centres.The board have in my view looked after themselves first and foremost…as a group..you all need to be “legally advised” before you sign anything.Remember “my” bid paid every creditor…i am still on 07786 437796 if anyone needs any help….once we are certain of the facts.

  • kam 5th May 2010 at 2:22 pm

    this is a sinking ship, gonna jump while i can! as they have only patched up the hole with a plaster which is not waterproof!!!

  • HOC AR 5th May 2010 at 1:52 pm

    Anyone who was present today,listened closely, and has an ounce of perception will realise that yes, as stated above, we have been rolled over.
    The board have walked away scot free from a company that will be in administration, albeit for a matter of minutes and we won’t be aware of that fundamental fact, and have indeed secured themselves jobs with LSL.

    IF WE HAD CONDUCTED OURSELVES IN THE SAME MANNER WE WOULD ALREADY BE DE-AUTHORISED

    HOC are not going to pay anyone any money owed, the only money that may be forthcoming will be a gesture of good will from LSL.
    Well done HOC board, big round of applause, we sign our options away and may get our owed monies, or we can kiss goobye to all that should have been paid.
    Must have worked hard HOC for the AR’s, to secure such a good deal !!!!!!!!!!!!!!!

  • C Thalha- HoC AR 5th May 2010 at 1:42 pm

    The interesting point I would like clarifying by the HoC board is why would they rejected the proposal of Mr Murtagh? Maybe they were fearful of losing their positions within HoC as Mr Murtagh would not suffer the sort of individuals that parade themselves as competent businessmen whilst at the same time only ensuring their personal needs are met when the brokers that have lined their pockets for so long are left to suffer? As far as I am aware the new ‘deal’ with LSL does not confirm that they will not place HoC into administration either so all HoC AR’s beware that the outcome may still be the same!

  • HOCAR 5th May 2010 at 1:25 pm

    From the roadshow this morning, if you sign the new contracts which are being e mailed today and have them returned by Friday we are being told we will get paid the commission owed! They say they have been bought by LSL but cant confirm what is happening! Whats new!

  • tony murtagh 5th May 2010 at 12:57 pm

    Unhappy HOC AR…posted 12.41…..what are the new contracts ?….if anybody has any accurate information can they please provide details. Thankyou.

  • steve 5th May 2010 at 12:54 pm

    Unhappy HOC AR – an you give us some more details?

  • Unhappy HOC AR 5th May 2010 at 12:41 pm

    Dont sign any new contracts for your own monies.

    We have been turned over.

    Leave now and take your chances else where.

  • steve 5th May 2010 at 12:22 pm

    Anyone been to a roadshow this morning? Is there any concrete news?

  • tmurtagh 5th May 2010 at 11:34 am

    Annon…6.01pm…my mobile is 07786 437796….feel free to call me. Regards Tony Murtagh.

  • Mr Truth 4th May 2010 at 9:56 pm

    At last, we have someone who is telling the truth, well done Mr Murtagh.
    He has taken one look at the books and has clearly seen how O’Brien and Coulson have mismanaged the business to look after their own pockets and those of their friends in management.
    It sounds like Murtagh is going to clean out the poor management and put in his own well proven – I’d say that’s a great idea.
    Wake up and support the Murtagh bid as LSL will result in nothing for ARs.

  • Steve 4th May 2010 at 6:01 pm

    tmurtagh if you are indeed said bidder and let’s just say I believe you about the management team.
    1.Why do you want to get involved with them if this is your opinion?
    2.Are you offering a home for AR’s?
    3.If so how do we contact you?

  • tmurtagh 4th May 2010 at 5:01 pm

    Peter Beaumont….re your comment…you have an exclusive with HOC….which i understand you want to protect..but the management is not as you describe. The facts speak for themselves..you need the up to date financials and upto date FACTS.

  • Peter Beaumont 4th May 2010 at 4:30 pm

    Gerry/Richard. Thrilled for you guys. If LSL are your acquirer then they have invested in a great management team and the company you have all worked so hard to build will go from strength to strength.This is good news for the market.

  • Zebedy 4th May 2010 at 4:17 pm

    If these roadshows were being run a few weeks ago and were expalining the current situation then I think HoC would probably have several more members than they have at present. i believe that people are leaving in droves afraid of what they are not being told and scared of what they are hearing.

    I am persoanlly glad I am not with HoC and sympathise with any member that really doesn’t know who to believe.
    Testing times ahead for all concerned.

    Good Luck!