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Mortgage Times Group places staff into consultation

The Mortgage Times Group has put a number of staff on consultation, after a downturn in business.

The potential redundancies will be from both its network and packaging arms, but not from its compliance division.

Payam Azadi, marketing director at Mortgage Times, says: “Its no big secret that companies are looking at their business and staff numbers, we are doing the same. We haven’t made any big redundancies in the last year, so we have had the same workforce with less business coming in, so we have had to formally carry out this procedure, that’s just the market at the moment.”


Light at the end of the tunnel

Natalie Martin, editor, It’s been another tough week in the distribution market with packagers and networks placing staff into consultation. It comes as no great shock to anybody that this is happening, and if there is to be any comfort in the news it can be that at least it is just redundancies the […]

Cheque please

The Bank of England will inject £50bn into the mortgage market to tackle the credit crunch but it could be a case of too little, too late, says Christine Toner

Lenders urged to remain cautious

Lenders should maintain a cautious attitude to lending when the financial markets stabilise, according to one member of the Bank of England’s Monetary Policy Committee.At a Confederation of British Industry conference last week, Andrew Sentance advised lenders to remain careful regardless of market conditions.Sentance says: “Even when the market settles down, it is reasonable to […]

Tackling the housing crisis will take more than money

The latest housebuilding figures from the Department for Communities & Local Government confirm the worst fears of many within the property industry. We are failing to address the housing shortage in any meaningful way. Let’s look at the number of housing ‘starts’, new housing projects where work has begun. In England, work has been started […]


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