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Mortgage brokers close due to decline in home loans

10/03/2009


London based mortgage brokers Chase De Vere Mortgage Management and Cobalt Capital have closed fro business due to the decline in the availability of home loans.

The brokers have said that the bad situation regarding the mortgage market was to blame for their downfall.
Chase De Vere Mortgage Management and Cobalt Capital have around 100 staff who have lost their jobs as they ceased trading yesterday.

These two mortgage broker are the latest in the series of companies to fold to the mortgage famine. Mortgage leading shrunk by over 52 per cent in January according to the Council of Mortgage Lenders.


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