By David Parsley2023-05-30T08:15:00
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.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.