A two-month consultation was launched in May proposing to close the mortgage and insurance advice businesses.
As it stands, 99 redundancies planned with around 70 of these roles finishing immediately, while the other 30 roles will play a part in the gradual wind-down of the business over the coming months.
Mortgage Solutions understands an update to the consultation was released yesterday, and a notice has now been placed on the Which? Mortgage Advisers website announcing the new business closure.
It says: “Which? Mortgage Advisers are unfortunately unable to accept any new customers. We apologise for any inconvenience.
“Existing customers can still contact us on 01174 566027.”
A Which? spokesman told Mortgage Solutions: “Following an internal strategic review and consultation process, we have made the difficult decision to close Which? Mortgage Advisers and Which? Insurance Advisers.
“All affected employees have been informed and we are in the process of contacting our customers about ongoing support with their mortgage and insurance products.”