Tuesday, February 3, 2009
Further blows to Government plans for increased mortgage lending
Barclays have placed 300 staff into consultation with some 200 affected employees from its retail mortgage sales division. Employees under Woolwich, the mortgage brand for Barclays, will also be affected.The bank says that although 300 staff have entered into consultation, it is hoped the expected number of resulting redundancies will be “significantly lower. The mortgage market slowed in 2008 and it is widely accepted that this is likely to continue to an extent into 2009.