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BDS staff placed into consultation

All 27 staff at Skipton subsidiary BDS Mortgage Group have been placed into consultation.

Neil Hoare, sales and marketing director at Pink Home Loans, says it is too early to say what will happen after the consultation period ends on May 1, but it is looking at its options for the Fareham based subsidiary.

He says: “We are examining all options but BDS has not closed and there has been no change to the proposition.”

BDS Mortgage Group consists of a packager, mortgage network and a direct club.

Pink Home Loans recently reported that it was experiencing a bumper month in terms of appointed representative business writer applications and says BDS Mortgage Group, also had an excellent start to the year in terms of AR applications.

Its parent group Skipton revealed pre-tax profits of £22.5m for 2008, a large fall from its £163.9m profit in 2007.

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