The whole of Savills Lending Solutions' workforce has been placed into consultation.
Offset mortgages are better suited to higher-rate tax payers who have above average savings and are prepared to commit for a long period, new research from Defaqto claims.
Officials at Bradford & Bingley's the MarketPlace have gone on the attack against offset mortgages as still "the privilege of the wealthy" because they are substantially more expensive than variable rate deals to the average borrower.