Finance

LendInvest sells BTL portfolio for £243m

By 2023-05-30T08:15:00

LendInvest LSE Market Open

LendInvest has sold a portfolio of buy-to-let residential mortgages to Chetwood Financial for £243m.

The book value of the portfolio on 26 May was around £250m, resulting in a net pre-tax loss on the sale and the cancellation of the related derivatives is estimated to be around £10.5m.

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