Savills Lending Solutions' staff under consultation

The staff under threat of losing their jobs at the Essex-based firm include senior management. Savills Lending Solutions is the wholly owned packaging subsidiary of Savills Private Finance. It previously placed staff under consultation in December last year due to the lack of funding in the market and the exit of several specialist lenders. However, at the time, Savills pledged the company would continue to trade. Simon Jones, director of parent firm Savills Private Finance, could not confirm how long the consultation period will last, but said it could run to several weeks. Jon...