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Mole: Fleet of foot?

Mortgage Mole

Intrepid Mole, digging up the stories behind the news

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Fleet of foot

Mole wishes the intrepid team at Fleet Mortgages the best of luck in their training sessions as 17 staff members prepare for a 10k challenge on 23 October in support of their local hospital through Frimley Health Charity. Chief executive Bob Young says: “The charity uses the money to provide equipment and services beyond what the NHS provides for patients and their family. We are delighted to be supporting them and wish all the Fleet Mortgages runners the best of luck. We expect some very quick, and not so quick, times.” The team has an ambitious target of £2,500 and would love help in getting there. To make a donation please visit:

Bordering on insane

Mole is thinking of moving to Scotland after reading the latest eyebrow-raising press release on the state of the London housing market. Online estate agency eMoov has crunched the numbers and calculated that it would be cheaper to buy a house in Glasgow (average price: £155,195) and commute by plane from Monday to Friday (including four nights’ accommodation) than to buy a house in London. In fact, the estate agency says Mole would save nearly £12,000 a year in mortgage costs by doing so. Or he could dig a nice molehill in the back lawn of an oligarch’s prime central London property investment and be done with it.

Sugaring the pill?

Phil Whitehouse is a busy man. Not only does he head MCI Mortgage Club but he is back on TV every Thursday evening as Lord Sugar’s right-hand man in the BBC’s The Apprentice. But really, Mole thinks our Phil is far friendlier than his reality-TV lookalike, although who can blame Claude Littner for being grumpy when facing some of the less clued-in characters on the show?Meanwhile, mortgage broker Michelle Niziol, one of this year’s candidates, was first to leave the competition.


Silver service

Mole congratulates Erika Neves on completing 25 years’ service at Newbury Building Society.

Neves joined in 1991 as an administrative assistant covering a colleague’s maternity leave. She stayed with the society and has since worked across an array of departments, from customer services to underwriting. In 2002, Neves was promoted to the executive team as branch controller, and in 2015 she assumed responsibility for risk and conduct.

“The society has changed significantly over the past 25 years,” she recalls. “When I started we didn’t have PCs on our desks. There was one PC in the office that enabled us to do account enquiries but the data held was basic.” That’s not all that has changed, adds Neves. “When I started, our variable rate was 11.5 per cent… very different from now!”


Co-op Bank

Co-op Bank and Capita in financial row over contract

The Co-operative Bank and outsourcing firm Capita are engaged in a financial dispute with each claiming they are owed money by the other, The Telegraph reports. Co-op has countered claims by Capita that it is withholding payment for mortgage services, instead suggesting that it is owed money for delays, according to the newspaper. Capita’s chief executive […]


Parents become landlords to help children on ladder

A growing number of parents are renting properties to their children or considering doing so in the future, as younger generations continue to struggle to take their first step onto the property ladder. More than 1.4 million ‘parent landlords’ in the UK are willing to take on their children as tenants, with almost three-quarters of […]


Passing your examination the easy way

Michael Ward has spent many long and frustrating hours simplifying the CeMAP exam-taking process with the use of some cleverly composed notes he calls rapid learning guides. Before I let Ward loose on the MS platform I&#39ll tell you briefly about some people who have used Michael&#39s notes. Cameron Thurston had become disillusioned with the […]

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White paper — Nigeria International Insights

Jelf Employee Benefits closely examines healthcare provision and challenges within Nigeria. This will be of particular interest to HR decision makers with employees based in Nigeria, and assesses the environment, risks, facilities and safeguards that are relevant to organisations that are actively deploying expatriate staff in this location.

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In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.


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