10 jobs at Beacon Homeloans at risk

Some 10 staff at Beacon Homeloans are at risk of redundancy as the lender strives to align its cost base with its 2008 business plan.

Mortgage Strategy can exclusively reveal that the jobs have been subject to consultation since Monday.

Jeremy Russ, head of marketing and compliance at Beacon Homeloans, says the roles span across the lender’s functions and range in seniority.

He adds: “We don’t put an expiry date on the consultation process. To be fair to individuals, it is open-ended so they can take as much time as they like to consider their options.”

He says no further cuts are planned.