Salt withdraws from residential market

Derbyshire subsidiary Salt has withdrawn from the residential mortgage market.

The deadline for direct business is 6pm on September 12, while all applications by packagers with a valid DIP must be received ready for offer by 6pm September 19.

An email was sent to brokers and distributors today, it says: “We regret to inform you that Salt has today announced its withdrawal form the residential market. With this in mind we will no longer be accepting any DIPs for new business.”

Salt Commercial suspended new business in May and put a number of staff into consultation.