Price and McGurran acquire 20 per cent stake in Regency

The high profile duo were appointed joint managing directors of RMC in September 2002. The stake holding is seen as an endorsement of their confidence in the future of the specialist company.

Regency Mortgage Corporation shareholders Laurie Tomei and Phil Erwin are understandably pleased. Both confirm that Keith and Fin’s stakeholding is a testament to the duo’s complete confidence in the compay’s future. “What Keith and Fin have achieved in a short time is truly remarkable, both Phil and myself are delighted” said Laurie Tomei.

The mortgage industry will remember that Keith and Fin are no strangers to success. Their previous venture, Rapide Mortgage Services, which they built from scratch was sold to GMAC. Regency Mortgage Corporation plc is a direct to consumer intermediary. The company concentrates on two niche markets, Right To Buy consumer finance and affinity marketing. RMC are based in Bournemouth and operate throughout the UK.