Monday, May 19, 2008
Another one bites the dust (with the loss of 400 jobs in Sunderland)
Future Mortgages is closing down for new business as of Wednesday May 21. The lender says it is advising brokers and packagers of the news and that it is honouring all pipeline business. A spokesman for the lender says: "With effect from Wednesday we are closing down for new business. This will be a controlled shutdown." Citigroup, future's owner, will also stop new lending through its CitiFinancial personal loans business.