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Mortgage Mole: December 2018

Intrepid Mole, digging up the stories behind the news.

I’m too sexy for my mortgage

Don’t get Mole wrong – he enjoys nothing more than a Friday night session on the internet for some serious mortgage deal browsing when Mrs Mole is on her weekly night under the town – but the warning that came up when he last tried to access Mortgages for Business via Kings Hill Services would get him into serious trouble if he weren’t so adept at deleting his history… phew!


This weekend, Mole managed to source a sneaky peak at the goings-on at a certain recording studio in London, where hot new supergroup Mortgage Industry Collective – or MIC – teamed up with Benny D to produce a Christmas single that will serve to highlight UK homelessness.

The song, ‘Take Me Home’, was written by Landbay’s Paul Brett and performed by the mortgage industry (with a 20-piece choir). Money raised will go towards the Mortgage Sleep Out initiative – so look out for it on Soundcloud and Spoti- oh – is that the editor of this very tome taking part? Mole is impressed.

Tonight Matthew, I’m going to be…

Mole’s recently acquired new monocle has been popping out in shock at even greater frequency lately, for his new and improved sight has made him realise just how many celebrities appear to have a doppelganger in the mortgage industry. Is Bob Riach from Riach Financial Advisers about live up to his visual likeness to Chris De Burgh and serenade the Lady in Red? Will Mole next see Bob Young from Fleet Mortgages pop up in front of Sky Sports cameras to talk about what went wrong at Southampton FC? Mole is interested to hear of any other secret celebs that Mortgage Strategy readers have spotted.

Sleeping beauties

The Mortgage Sleep Out was evidently a huge success, netting partner charity End Youth Homelessness in excess of £95,000 at the time of writing. Mole spent an entire morning sifting through photos of various people huddled up together and wrapped up in sleeping bags, but the ones that really caught his eye were the Newbury Building Society crowd gathered around a cosy-looking brazier and the Clever Lending lot lying on cardboard. Mole wants to shake claws with each and every one of you.

Giving generously

In news that should warm all hearts, Mole can report that at its 7th annual Community Awards presentation, Vernon Building Society donated £10,000 to 14 Stockport charities.

Beneficiaries included Millie’s Trust, which teaches paediatric first aid, Adventure Mexico 2020, which will empower young women, Beechwood Cancer Care Centre, and Middlewood Riding for the Disabled Group, which enriches lives through horses.



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On 2 August 2018, the Bank Of England raised interest rates from 0.5 per cent to 0.75 per cent. The previous base rate rise was in November 2017, from 0.25 per cent to 0.5 per cent, which was the first raise for more than a decade. Mark Carney, governor of the Bank of England, said in August […]


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Precise Mortgages has launched an exclusive limited company buy-to-let three-year fixed rate mortgage through Buy to Let Club. The product is fixed at 3.54 per cent until 31 October 2019 up to 75 per cent LTV. It has an arrangement fee of 1.5 per cent. Early repayment charges are 3 per cent until 31 October […]


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