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.