View more on these topics

Mortgage Mole: Piratical Paul Darwin of the good ship Skipton

Intrepid Mole, Mortgage Mole-2017
digging up
the stories
behind
the news

Darwin’s the origin of booty

Mole must confess that the annual ‘Talk like a pirate’ Day often passes him by — but not this year.

Your subterranean correspondent was recently sent a press release from Skipton Building Society that was written entirely in piratical language, including a quote from “Captain Paul Darwin [left] of the good ship Skipton”, who said (on the subject of two new, broker-only mortgages): “This new booty complements perfectly our existin’ suite o’ booty, ’n I’m sure will be mighty popular.”

Mole assumes the good folk at Skipton had been swigging on a tipple or two of naval rum when they composed that particular press release.

Blue blooded?

What do you think is David Torpey’s favourite colour?

In Mole’s recent catch-up with the Bluestone Mortgages managing director (right), Torpey pointed out that he had previously worked at Blue Step Bank and also spent 20 years at Barclays, whose logo and branding are, of course, blue in colour.

Mole is sure Torpey has many happy years ahead of him at Bluestone but, should he ever decide to leave, he will have plenty of blue-imbued lenders to choose from, including Coventry, Halifax, RBS, Skipton Building Society and TSB.

Not a bad favourite colour to have in the mortgage game, Mole reckons.

Fast and fiducium

Mole knows there are a fair few petrolheads in the industry. So hats off to bridging lender Fiducium, which recently helped out iconic British sports car manufacturer TVR.

The lender provided a funding line for both the factory and the development and manufacture of the firm’s latest car, the revamped Griffith.

Fans of motoring facts will be interested to know that the car in question weighs 1,250kg, can hit 200mph and will do 0–60mph in under four seconds.

Fans of mortgage facts (hopefully everyone likely to be reading Mole’s scribblings) will be equally interested to know that Fiducium arranged an initial multi-drawdown, interest-only facility of £6m, secured over the company’s and guarantors’ assets.

Both sets of facts are equally exciting, in Mole’s considered opinion.

Industry charity totaliser

Totaliser-October-2017
(Click on image to enlarge)

Our industry is full of generous individuals and firms that support a host of good causes, with colleagues often giving up their spare time to raise funds in imaginative or challenging ways.

Check out the sums raised this month…

Recommended

Mortgage Mole-2017

Mortgage Mole: Knowing his Clough

Intrepid Mole,  digging upthe storiesbehind the news Knowing his Clough Mole salutes Lentune Mortgages’ Stuart Gregory, whose recent brilliant joke on Twitter (see below) combined US current affairs with his encyclopedic knowledge of football history, achieving the accolade of an acknowledgement from actor Michael Sheen. For the benefit of the industry’s younger members, Stu revived […]

Mortgage Mole

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. The pair are knuckling down to two months of gruelling training, […]

Mortgage Mole

Mortgage Mole: Weeding out the errors

Weeding out the errors Did you think mortgage lenders didn’t have a view on marijuana smoking? Well, apparently you thought wrong. Mole was perusing a recent Council of Mortgage Lenders report on later-life borrowing when his eye fell on this unforgettable quote: “Most big lenders won’t take drawdown income into account. They’re concerned about volatility […]

Mortgage Mole

Mortgage Mole: Complete star

Complete star Mole hears that First Complete sales operations director Toni Smith has recently undertaken a 15km night-time walk around Swindon to raise money in honour of a friend who sadly passed away with cancer. Mole understands that the participants were encouraged to dress in lurid colours for the Starlight Walk, which raised funds for […]

Passport - thumbnail

Thinking of expanding overseas?

Whether you’re a small company or an established larger employer, expanding overseas into emerging markets can be an extremely attractive prospect for growing your business. However, with this comes a duty-of-care requirement to any staff based overseas.

Newsletter

News and expert analysis straight to your inbox

Sign up