OneSavings Bank and Charter Court Financial Services Group have now combined their two businesses, it has been announced.
The new specialist mortgage lending group will “use its greater scale and resources to offer an enhanced proposition to customers, brokers and distribution partners,” the two companies said.
The pair’s brands – Precise Mortgages, Kent Reliance for Intermediaries, InterBay Commercial, Heritable and Prestige Finance – will remain separate; as will propositions, services, contacts, procuration fees and product offerings.
OneSavings Bank began trading in 2011 as a specialist lending and retail savings business, while Charter Court was founded in 2008 with a focus on specialist buy to let, residential, bridging and second charge mortgage lending.
New group managing director Alan Cleary said: “We’re very pleased today to announce the completion of the combination of OneSavings Bank plc with Charter Court Financial Services Group plc.
“Intermediaries have always been at the very heart of our propositions, and I’d like to take this opportunity to reassure brokers that operationally they’ll notice absolutely no change. It will be business as usual, with all the brands of the new group remaining committed to the intermediary market.”
Latest News
-
FCA receives nearly 5,000 reports of scammers impersonating regulator in H1
-
UK banks to invest over £1.8bn in AI by 2030
-
56,000 mortgages completed under Govt’s guarantee scheme since 2021
-
UK bank branch numbers decline rapidly in five years, figures show
-
Third of advisers targeting growth from existing clients
-
Savings providers and product choices reach record highs
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
Air and the role of later-life lending
Content editor at MoneyAge, Dan McGrath, spoke to the chief executive officer at Air, Will Hale, about the later-life lending industry, the importance of tailored advice and how technology and obligations have shaped the sector.
Helping the credit challenged get mortgage ready
A rising number of borrowers are finding it harder to access mortgages due to being credit challenged - whether that’s from historic debts, a county court judgment, or having little to no credit history.
In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories