Money Partners mulls redundancies

Money Partners staff are at risk of redundancy as the lender strives to realign the business with the current market conditions.

Mortgage Strategy can exclusively reveal that staff at Money Partners, which was acquired by Goldman Sachs from Kensington Group in January, were told yesterday that a number of jobs will be put under review in the next few days.

Bob Sturges, director of communications at Money Partners, says the lender has not yet decided how many jobs will be axed, or from which departments.

He adds: “The cause of this decision is market conditions, pure and simple.”