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Opus closes its Glasgow-based operation

Opus Mortgages has blamed the ongoing liquidity crisis and market downturn for the closure of its Glasgow-based operation today.

All operations and pipeline business have been transferred to fellow Glaswegian firm Deep Blue.

Opus’ Cumbernauld branch still remains in operation.

Lockhart Bruce, managing director of Opus, says: “Due to the current economic conditions and uncertain future trading, Opus has decided to close its Glasgow-based operations.

“We’ve had a number of discussions with Deep Blue to ensure there will be a smooth transition of all outstanding cases.”


CML urges BoE to lead global action

The Council of Mortgage Lenders chairman has urged the Bank of England to lead a global action plan to alleviate turmoil in the financial markets.

Godiva joins The Exchange

Godiva Mortgages has become the 16th provider to join The Exchange online equity release service on the Exweb portal.


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