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A mortgage advice company has collapsed into administration after falling victim to PPI claims and the “deterioration” of the re-mortgage market. Carrington Carr Home Finance – which is understood to employ some 130 people – was put into administration by holding company and creditor Carrington Carr Holdings. Chris Farrington and Matthew Cowlishaw, of Deloitte, have been appointed joint administrators for the company.
The Leicester-based business had traded for 25 years in the life and mortgage sector. Chief executive David Fuher said the decision was taken with “great regret”. He explained: “The home finance business has been financially supported by the rest of the Carrington Carr Group in recent years. “Unfortunately, the continuing deterioration in the re-mortgage market, coupled with legacy claims in respect of alleged historical PPI miss selling activities, left the board with no option but to place the company into administration....Read more here--: Mortgage advice company falls victim to PPI claims
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