MOLE
www.mortgagestrategy.co.uk themortgagemole
Donec eris sospes, multos numerabis amicos. Tempora si fuerint nubila, solus eris.
QUACKERS Mole was interested to hear that Angela Knight, chief executive of the British Bankers Association, is leaving her role in the summer. In a recent interview with Mortgage
Strategy, Knight told hack Samuel Dale all about her plans to go out with a bang from the bankers’ trade body. In the BBA’s City of London offices
there is a floor to ceiling indoor waterfall. On her final day on the job Knight says she wants to place a rubber duck in the waterfall on the top floor and watch it slide down through the building. Mole wouldn’t be so
cheeky as to suggest it is a metaphor for the reputation of the banking sector during her tenure at the trade body.
WIFELY DUTYWith proc fees cut and fewer people able to buy or remortgage,
the result for many brokers has been a fall in their income.
So Mole was not surprised to hear that
at a recent network conference one of the questions put to members was how would they plug the gap in their income. If you think
answers included
protection, general insurance, will writing or equity release, think
again. Showing the
industry to be made up of lateral thinkers, top of the list was sending the wife out to work,
swiftly followed by selling their own bodies.
With the likes of protection not even making the list, it certainly makes for an interesting take on the concept of diversification.
Week in NUMBERS 0.1%
– The amount the National Institute of Economic and
Social Research estimates gross domestic product grew in Q1 2012.
-40%
– The amount the average travel insurance claim for
skiing injuries in the US and Canada has fallen year-on-year – but £2,863 was still paid out compared with £960 in France.
£12
bn – The annual turnover from housing associations according to housing
minister Grant Shapps. 630,389
– The number of property sales in 2011,
down 4% from the 654,481 seen in 2010.
30% 2,000 5.85%100,099 23,555 6.99 250,000 50% €60 2008/09 3% 180 1.8bn 0.8%
£15.6
Staff from Blemain Group and a local charity gear up to donate 500 easter eggs to charities
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8940%0.11 199,999 3% 1979/78 4111
m – The estimated cost to retailers to install displays to
hide tobacco products to comply with laws coming into effect in April 2015.
house, says Halifax. This is the highest since January 2008, when it was £9,406.
£9,393 170,000
% – The number of 18 to 24 year old men who, when asked by the AA if they could change a light bulb, said no.
35 FIND THEGREENTREE TO WIN AN EXCITING IPOD SPEAKER
Mortgage Strategyhas teamed up with The Charlbury Group to offer you the chance to win an exciting iPod speaker. All you have to do is find the green tree hidden in this week’s issue and email
mortgage.strategy@
centaur.co.uk. Winners will be chosen at random.
LAST WEEK’S GREEN TREE WINNER PHIL CATON PINSA FINANCIAL SERVICES (page 26)
– The number of homes set to be
delivered through the government’s Affordable Homes Programme – 20,000 more than originally thought.
– The typical annual cost of owning and running a
LAST WEEK’S WINNER KEVIN VELLA ADVANCE FS
“Holding the cup as ransom was a sure way of getting funds.”
30
MORTGAGE STRATEGY April 9, 2012
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