SPF to keep Mortgagematch ties

Savills Private Finance says it will uphold its ties with packager Mortgagematch after rescuing Personal Touch Packaging from administration.

SPF has bought PTP’s pipeline business and e-trading system and recruited Rob Jupp, former managing director of PTP, to head up new venture Savills Lending Solutions.

But the broker insists it will maintain ties with Mortgagematch, ongoing since May 2007.

A spokeswoman for SPF says: “Our brokers use the whole of market and can choose to use SLS or Mortgagematch. That has not changed.”

SLS will focus on first and second charge lending plus bridging, large, commercial and key worker loans, among others.

Mark Harris, managing director of SPF, says: “Although it is a bold move to set up a new venture given the market conditions, this is a great opportunity for SPF.

“While the market is difficult, there are opportunities that we are exploring with vigour.”