Sunday May 31, 2020

Northern Rock bids for IL&P mortgage business

Northern Rock is among the potential bidders for Irish Life & Permanent’s British buy-to-let mortgage business Capital Home Loans, it has emerged.

23rd July, 2011
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Northern Rock is among the potential bidders for Irish Life & Permanent’s British buy-to-let mortgage business Capital Home Loans, it has emerged.

The nationalised British lender, which is itself being sold by the agency that manages the British government’s bank stakes, is understood to be interested in buying CHL to bulk up its portfolio and make it more attractive to bidders.

IL&P is required to sell CHL by 2013, as part...

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