The Co-operative Bank is closing Platform’s London office in Canary Wharf, as well as other departments, and relocate them to other locations, primarily in Manchester.
A spokeswoman at the bank said: “The Co-operative Bank remains committed to the intermediary mortgage sector, via its dedicated broker lending arm Platform, and plans to significantly increase its lending in this market, with particular emphasis on buy to let lending, in 2012.
"Whilst the mortgage market remains challenging we regularly review our approach to mortgage lending across the entire business.
“Our lease at Platform’s main offices in Canary Wharf is coming to an end and, after careful consideration, we are proposing to exit these offices and move departments to locations across our existing estate, primarily in Manchester, with some presence in London.
“Customers will see no change to the excellent service levels and product range that Platform currently provides.
“As a result of these proposals, staff have now commenced consultation.”
Lee Gladwell, director of sales and proposition at Platform has not been placed into consultation.
