Northview Group is in redundancy talks with 25 staff in Kensington and New Street Mortgages as the firm looks to combine functions of both brands.
Northview Group distribution director David Finlay and New Street’s sales and distribution director Adrian Whittaker left the firm this week and Mortgage Strategy understands these departures were part of the restructure.
Northview would not confirm which parts of the business were affected.
A Northview spokesman says: “As part of our commitment to delivering the strongest proposition to the intermediary market we are combining some functions across Kensington and New Street to better leverage the capabilities of both of our lending brands.
“Consequently, a number of roles have been put at risk of redundancy.
“By combining our structure, we will be in a position to provide mortgage intermediaries with a more consistent experience across our lending brands and greater opportunity to place their cases, whether they need a light touch approach or more considered underwriting.”
Yesterday Northview said it was combining the management teams of Kensington and New Street.