View more on these topics

CHL to make 50 redundant

CHL Mortgages has revealed 50 redundancies as part of plans to slash mortgage business in the coming months.

The specialist lender and subsidiary of Irish Life & Permananent says it will spend 2008 focussing on credit quality and margins.

The redundancies represent a fifth of the firm’s 250 person workforce.

Bob Young, managing director of CHL Mortgages, expressed regret at the implications of the move for staff numbers.

He says: “Unfortunately this move will have consequences for staff numbers in the business. We have briefed staff on the impact which we believe will lead to a reduction in headcount of approximately 50 people.”


Blemain introduces CCA compliant plans

Blemain Group has released Consumer Credit Act compliant plans in anticipation of the regulations coming into effect on April 6.To provide an additional level of support Blemain’s underwriters will be completing unregulated, accurate, full packs on April 5 until 1pm. This will allow our brokers as much time as possible to submit their cases.Other key […]

GMAC-RFC to clarify mortgage technology

GMAC-RFC has teamed up with IT providers to help clarify newly available mortgage processing systems to brokers and packagers.GMAC-RFC Partners has joined up with E-paths, Evaluate, Oppono and Trigold to set up a dedicated facility on the ‘Partners’ media section which enables the audience to view a short, informative demonstration video. There are also links […]

Optoma boss reveals £2m personal loss from crisis

Andrew Seymour, chief executive of Optoma Mortgage Services, has revealed he has lost £2m to the business as a result of the recent liquidity crisis.Seymour told of his personal loss in an exclusive interview with Mortgage Strategy.This morning Optoma revealed it had made 30 staff redundant, bringing the workforce down to 10 employees.The packager made […]

BM Solutions scraps self-cert adverse deals

BM Solutions has withdrawn its self-cert sub-prime product range to cut its business volumes.It has also reduced the maximum LTVs on its status sub-prime deals from 90% to 80%.Tim Hague, managing director of BM Solutions, says: “It’s not a credit issue, it’s about managing volumes.“We tried using pricing as a lever and it didn’t work, […]

Guide cover

Guide: how to… communicate with your pension members

Effective communication of your pension scheme is a large part of getting auto-enrolment right. Delivering the same message to all employees is not necessarily the way to go. To assist you with the communication of your pension scheme, we have provided some key areas to think about, such as:

  • What to consider when segmenting your workforce
  • How to communicate to pension scheme members at the right time in their member lifecycle
  • What topics you should be discussing with your pension members
  • The new pension freedoms and the importance of communicating them


News and expert analysis straight to your inbox

Sign up