Two founding directors quit Purely Mortgages

Two of the four founding directors of Purely Mortgages, Colin Bell and Ian Giles, have left the firm.

This leaves managing director Mark Chilton and IT director Neil Pritchard as the only original directors. The directors are rumoured to have agreed to a salary freeze in the summer.

Chilton, chief executive officer at Purely Mortgages, says: “We’re disappointed to lose Ian as he’s done a great job over the past year and a half but it’s a fantastic opportunity for him to move onward and upward.”

He denies the departures are a sign of problems at Purely. He adds: “The future is rosy.”

Giles has been appointed marketing director at Kensington Mortgage Company, starting on December 5. He replaces Luis Marino, who has left just five months after joining the firm.