Andy Wilgoss is made redundant

Andy Wilgoss, managing director of Square Mile Mortgage Finance, has been made redundant after eight years at the helm of the brokerage.

Two consultants from Square Mile and one from parent Cobalt Capital have also been laid off.

Andrew Montlake, partner at Cobalt, says that he is sorry to see Wilgoss go. He adds: “I am sad that Andy is leaving because he is a good guy and a friend, but the economic climate has forced us to do this.”

Montlake says the Square Mile brand will carry on trading as usual. Wilgoss will not be replaced and Cobalt’s management team will look after the firm.