Savills Lending Solutions (SLS) is to close, it was announced today.

&lta href=&quothttps://mortgagesoup.co.uk/story.php?id=18931&quot&gtAll staff were placed into consultation earlier in the month&lt/a&gt by its parent Savills Private Finance.

It will not be accepting any new business.

Rob Jupp , director of SLS, said: “The lack of thawing in the specialist lending market has sadly meant that the board of SLS decided that it was the right time to close the business. All business pipeline will be processed and paid and the lights will remain on until the last case has completed.