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C&G puts focus on 100% loans

Cheltenham & Gloucester is set to focus on developing its 100 per cent and buy-to-let propositions after announcing last week that it will be moving broker support to a centralised location.

The firm is also axing 31 of its 195 branches in November, affecting 315 staff.

The structural changes also mean that C&G is cutting its business development man-ager numbers by 17 but increasing its corporate account team from two to six managers.

It is moving its mortgage processing systems to Gloucester next month and will introduce a phone operation to support its online trading platform Caseflow.

Head of corporate and specialist intermediary sales Mark Blackwell says: “When you look at the developments of online technology and regulation, you understand that models have to change and adapt.”

C&G will introduce new BTL products later this year.

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