View more on these topics

Sherwins transfers to MAB New Homes Network

The Mortgage Advice Bureau New Homes Network has finalised the transfer of Sherwins from SPF Private Clients.

Sherwins specialises in mortgages for affordable housing schemes and works closely with housing associations predominantly based in London and the South of England.

The deal will see all six advisers and support staff, including director Richard Stone, move over to the MAB New Homes Network.

Andy Frankish, director, new homes at MAB, says: “Sherwins will play a really important role in the growth of the MAB New Homes Network. It will help the affordable property proposition expand nationally and brings significant benefits to the network. We will be able to capitalise on its expertise, and it will be a new source of business and ties in to our mainstream new homes business.”

Alex King, executive director of SPF Private Clients, says: “Sherwins is a fine business and we have enjoyed working with them since 2004. However, we no longer see this specialist area as core to our offering and it makes perfect sense to have found them a home where they can undoubtedly prosper.”

Recommended

Valuers have key anti-fraud role

The National Fraud Authority has admitted it is hard to detect mortgage fraud. But by spotting the danger signs and using new technology, valuers can quickly alert lenders to suspicious activity

Former B&B commercial director joins HML

Andy Wiggans, the former commercial director at Bradford & Bingley, has joined mortgage outsourcing firm HML as its chief commercial officer.

Property prices 86 times higher now than at coronation

Research by HSBC has found that the average property price is now 86 times higher than at the start of the Queen’s reign in 1952. At the start of her reign, the average property was priced at £1,891, compared with an average of £162,722 today. By comparison, retail prices have risen by a multiple of […]

Newsletter

News and expert analysis straight to your inbox

Sign up