Finance

Patron sells mortgage lending business

By 2018-10-10T08:09:00

Keith Breslauer

Source: Phil Weedon

Patron Capital has sold its prime second-charge mortgage lending business, Optimum Credit, to mortgage lender Pepper Money for an undisclosed sum.

The sale, which is subject to regulatory approval, includes the business’s loan book of more than £450m.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Try Property Week For Free to finish this article.

Sign up now for the following benefits:

  • Unlimited access to Property Week
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue