View more on these topics

Mortgage Mole: If you booze, you lose

If you booze, you lose

Two brothers from the mortgage market are lacing up their gloves in enthusiastic preparation for a white-collar boxing event, Mole hears.

Alex and Ryan Ewen (below), both of London broker Falbros, aim to raise cash for Cancer Research UK.

Ryan-Ewen-Alex-Ewen

The pair are knuckling down to two months of gruelling training, not least the extremely arduous task of cutting out booze. The event will take place in Chichester on 9 September.

Best of luck with the training, chaps!

Cut down to size

Mole hears that an inadvertent clanger was narrowly avoided when talks were held to discuss the name of the new financial services trade body, UK Finance, which now includes the former Council of Mortgage Lenders.

Mole gathers that some people present wanted to call the merged body ‘Finance UK’.

Luckily, an observant participant in the discussions realised that ‘Finance UK’, if shortened, would have a somewhat unfortunate abbreviation. The suggestion was swiftly dropped.

Crisis averted!

Highly qualified

If you live in the Hampshire area and hear a light aircraft overhead, be sure to give it a wave. The pilot could be Your Mortgage Decisions co-owner Dominik Lipnicki.

Mole hears that Dominik (below, inset) got his pilot’s licence last year and is enjoying zooming around the skies this summer in an aircraft he keeps at Thruxton aerodrome.

Lipnicki-pilot

The magnificent man in his flying machine tells Mole the pastime is “great fun”.

Chocks away!

The old ones are the best

Some people certainly recognise a good mortgage deal when they see one, even if they wait two decades to take advantage of it.

Mole was speaking last week to Key Retirement technical director Dean Mirfin, who told him the lender had been called by several consumers about deals advertised in newspapers – from the 1990s.

Apparently the would-be borrowers had carefully cut out the adverts and saved them, waiting for just the right moment.

Mole doesn’t know whether to be impressed by their savvy or entertained by the thought of the lender’s diplomatic response to these genuine enquiries.

Recommended

Business-Handshake-General-Hire-Appointment-700x450.jpg

Masthaven appoints national account manager and BDMs

Masthaven bank has made three new appointments following its launch into the residential lending market. The bank has appointed John Smith as national account manager, first charge mortgages. Smith previously worked at Platform Home Loans and Aldermore and helped launch Bluestone into the specialist mortgage market. Wes Baker and David Owen have also joined the […]

John Heron

Paragon implements PRA underwriting changes months ahead of deadline

Paragon has revealed that it will implement phase two of changes to its underwriting standards months ahead of the PRA deadline of September 30. The regulator will impose stricter underwriting standards on buy-to-let lenders for portfolio landlords with four or more mortgaged properties under new rules. Paragon plans to introduce its changes for all new […]

Andrew Montlake-Coreco
1

Market Watch: Carney confuses with Clouseau routine

After encouraging everyone to spend and lenders to lend, the Bank of England is worried this is happening too much The governor of the Bank of England seems to be doing his best Inspector Clouseau impersonation with his “Now is not the time, Cato; now is the time!” comments regarding interest rates. We appreciate how […]

China tech and Global Alpha: a new great leap forward

By Robin Geffen, Fund Manager and CEO

Internet giant Alibaba is exactly the type of entrepreneurial company that the high-conviction, top-performing Neptune Global Alpha Fund seeks to invest in. Established just 14 years ago in an apartment in Hangzhou, today Alibaba is larger than Amazon and eBay put together and is challenging some of the most powerful internet companies in the world…

Read more 


Important information

Investment risks

The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.