Salem Radio Network News Tuesday, September 21, 2021

Science

UK digital bank Starling buys landlord lender

LONDON (Reuters) – British digital bank Starling said on Monday it has acquired specialist buy-to-let mortgage lender Fleet Mortgages in a 50 million pound ($68.93 million) cash and share deal.

Starling said the acquisition was part of a wider plan to expand lending, including through further mergers and acquisitions.

Fleet Mortgages has around 1.75 billion pounds of mortgages under management.

($1 = 0.7254 pounds)

(Reporting by Iain Withers, Editing by Louise Heavens)

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