View more on these topics

Optoma to make redundancies

Optoma Broker Solutions will be making a number of redundancies as a result of efforts to consolidate offices.

The firm will move the remainder of its Leatherhead packaging operation to its Huntingdon office at the end of March 2008.

Optoma recently entered into a period of consultation with staff to discuss possible alternatives to moving the operation but subsequently decided that the move would be the most appropriate way to take the brand forward.

Redundancies will be made with the closure of the Leatherhead site.

Andrew Seymour, chief executive officer and chairman of Optoma, says: “This has been an incredibly hard decision to make as the commitment and quality of our staff is second to none.

“It is an unfortunate reflection of the current climate in the global credit markets and a necessary course of action for the long-term protection of the business. Leatherhead has been our home for the last seven years so it is very sad indeed to say goodbye.”

Optoma are currently in the process of contacting all of their business partners to inform them of their change of address and contacts. Northern Ireland and Scotland operations remain unaffected.

Recommended

Mutual urges owners to shelter from storms

The Cheshire is urging home owners to check their insurance cover is comprehensive in light of the storms hitting the UK.Last week, the Met Office issued se-vere weather warnings and winds of up to 80mph battered the country.The Cheshire also advises home owners to check their roofs for broken tiles that could have been dislodged […]

Pressure to axe ERCs for long-term deals

The government is urging lenders to consider alternatives to early repayment charges to encourage the take-up of long-term fixed rate deals.A Treasury report unveiled in last week’s Budget, entitled Housing finance review: analysis and proposals, blames ERCs for low consumer demand for long-term products.It states: “Lenders have scope to manage the pre-payment risks associated with […]

Record breaking applications at Pink and LifeQuote

Pink Home Loans received a record 37.3% increase in applications for life insurance provider LifeQuote as compared to January 2007.Furthermore application business levels have increased by some 133.6% since January 2006.It appears from feedback that the state of the current mortgage climate may be having a positive effect on life insurance business levels, as a […]

Mosaic adds Chelsea to panel

Mosaic Mortgage Club has added Chelsea to its lender panel. The move increases its panel to 40 members, including those available through the club’s exclusive packager c2-Financial.

Newsletter

News and expert analysis straight to your inbox

Sign up