News Review: The Month That Was
The Good, the Bad, the Each month The Outlaw draws some tongue in cheek parallels between s by The Outlaw G
ood news is dominated by the fact that for the fi rst time in two years all six of the super six are
competitive. And supporting these, lend- ers ranked seven to 12 are all on upward trajectories - especially Virgin Money which had promised great things at the time of its relaunch. It is satisfying to see that they are delivering on their pledges. Welcome back to the Abbey. Service
levels are pretty slick right now though it will be interesting to see how they are
“The Ministry of Justice’s plans for stricter claims rules are welcome but I will believe it when I see it”
performing come November. It remains slightly irritating that buy-to-let products are not available to the self-employed. T e Outlaw doesn’t normally accolade
individuals at a lender. But anecdotally, Catherine Matthan at NatWest has per- formed miracles for some brokers in helping with KFIs amid systems issues. T e lender’s livechat piece is certainly an emergent phenomenon now. Elsewhere the Ministry of Justice’s
plans for stricter claims rules are wel- come but I will believe it when I see it. On TV it’s great to see Downton Ab-
bey back along with Strictly Come Danc- ing within which Denise Van Outen is to be opposed in favour of gymnast,
Photo © Ministry of Justice Virgin is delivering on pledges
Louis Smith. T e Outlaw also enjoyed the non-handshake that took place when the rightly principled Anton Ferdinand blanked the odious John Terry and Ash- ley Cole. T is was a sensible precaution until we know a lot more about chla- mydia.
O
nce again the Financial Services Authority reveals its Olympic standard of sleepwalking. Ap-
parently a sales-led culture has existed in some of our banks for a few years now and shock horror, some sales staff have even been incentivised by disproportion- ate and unhealthy sales bonuses. T is op- probrium comes from a regulator where the average salary (including all clerical and secretarial posts) is £55k! T e Outlaw has no axe to grind with
bank advisers. T e real charlatans are their sales managers and divisional heads who are the parasites that live off such pickings and whom we routinely see each morning on the 7:46am train from Nowheresville on their way to Oblivions- ville. Many were probably failed advisers themselves and under the Retail Distri- bution Review and its more ominous
24 MORTGAGE INTRODUCER OCTOBER 2012 Ken Clark MP: A great deal to answer for
portents these nil-talent muppets will shortly be visiting a job offi ce somewhere near you. In the intermediary world - was any-
one really surprised by Tiuta going into administration? T e Outlaw has some sympathy for the beleaguered creditors in this situation who clearly (and as per the fabled TIUTA acronym) have been leſt to Take It Up T e Arse.
“Freddie Flintoff’s narcissism and hubris has alienated him from many in the cricket world”
Elsewhere T e Outlaw was outraged by
the behaviour of judge Peter Bowers who freed a serial burglar and commended him for his “courage”. Ken Clark MP used to be a brilliant thinker and cabinet member. But he has a great deal to answer for in terms of the workings of today’s justice system and it’s no surprise he has now been moved to a “without portfolio”
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