Savill's Lending Solutions, a mortgage financing division of high-end real estate agent Savills, is facing closure as UK mortgage lenders struggle with a stagnating property market.

The team of eight at Essex-based Savill's Lending Solutions is under threat of redundancy after a consultation process was started this week, a representative confirmed. This is the second time staff were placed under consultation, after the process was initially launched in December due to bad market conditions.

Savills' mortgage subsidiary faces redundancy threat

The team at Savill's Lending Solutions is under threat as uncertainty rocks prime London property

Tara Loader Wilkinson

Savills

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