Merrill Lynch has suspended new lending at both its UK mortgage subsidiaries.
Wave and Mortgages Plc are temporarily suspending new lending due to tough conditions in wholesale finance markets. There has been speculation that the decision will result in redundancies at both lenders but Merrill Lynch is yet to confirm if this will be the case. If you would like to comment on this story, contact: John Bakie Tel: 020 7484 9805 e-mail: [email protected] IFAonline
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