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.”