The Money Centre currently employs 105 staff at its Norwich head office.
TMC director Lynsey Sweales says: “It is with reluctance we have to consider redundancies as well as budget cuts, but the recent downturn in the property market and the withdrawal by lenders of a number of buy-to-let mortgage products has resulted in slower business for us. We will do all we can to limit the number of staff that will be affected and to help those that are to get
All staff have been offered the opportunity to take voluntary redundancy and
the directors are working closely with human resource consultants Croner on the redundancy process.
She adds: “The success of the company has in large part been due to our ability to recognise what the market needs and to react quickly. The changes we have
announced will ensure we continue to be in the best shape to operate in this
tighter market and to be ready when the market picks up again.”