Business
Completion of Bluestone Mortgages Ltd Acquisition
Completion of Bluestone Mortgages Ltd Acquisition.
About this update from Shawbrook Group Plc
[{"type":"text","content":"\n\n \n\n\n\nShawbrook Group plc - Completion of Acquisition - Bluestone Mortgages Limited\n \n\n\n\n\nFurther to the announcement on 20 March 2023, Shawbrook Group plc (the Group) is pleased to confirm that all the necessary regulatory approvals have now been received and the acquisition of Bluestone Mortgages Limited, a specialist mortgage lender focused on owner-occupied mortgages, has completed.\n \n\n\n\n\nMarcelino Castrillo, the Group's Chief Executive Officer commented:\n\"Bluestone Mortgages is a respected name in the UK mortgage market and a brand that we know fits exceptionally well into the Shawbrook family given the successful relationship we have developed over the past six years. The two organisations share an approach to providing specialist finance at scale, which combines technology and data with the expertise and judgement of their people. This 'best of both' model is key to delivering a seamless digital experience with swift decision making and certainty of funding. This acquisition will help us to deliver an even stronger proposition to homeowners across the UK.\"\n \nSteve Seal, Bluestone Mortgages' Chief Executive Officer, commented:\n\"Today is a significant milestone as we embark on the next chapter of our growth journey. We have a proven track record of providing brokers with innovative lending solutions to meet their customers' unique financial needs, particularly those who either choose to work for themselves or who have complex credit histories. Shawbrook has been a long-standing strategic partner for many years and, combining our proposition with the additional capabilities and funding certainty the Group can provide, we are now well positioned to offer an even stronger proposition to a growing number of customers.\"\n \n\n\n\n\nFor further information, please contact:\nStephanie Mackrell\nTeneo\[email protected]\n \nFor investor enquiries, please contact:\nMurray Long\nHead of Investor Relations\[email protected]\n \nAbout Shawbrook - Banking for the real world\n \nShawbrook is designed to accommodate individuality, diversity and the dynamics of the modern world. We are driven by our purpose, to power up ingenuity to create opportunity, every single day.\n \nLeveraging strong digital capabilities to complement deep human expertise, our 'bes...