Shawbrook Acquires Mortgage Lender to Drive Growth in Property Finance Franchise.
MANews-(C)2009-2021
UK-based lending and savings bank Shawbrook Bank Ltd. has agreed to acquire 100% of the share capital of UK-based intermediary mortgage lender The Mortgage Lender Ltd. to drive further growth in Shawbrook's property finance franchise, the company said.
The transaction has received regulatory approval from the Financial Conduct Authority. Subject to satisfaction of the remaining conditions to the acquisition, completion is expected to occur in February 2021.
Additional terms were not disclosed.
The acquisition strengthens Shawbrook's presence in its core residential and buy-to-let markets and provides the group with...
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