Bridging lender takes over competitor

Published on

business acquisition

Capital Bridging Finance has acquired Mayfair Bridging.

Mayfair will continue to operate under its own brand, leveraging the additional funding capacity made available through the acquisition and focussing on high quality relationships across the UK to continue to develop the business.

Keith Aldridge, managing director of Capital Bridging, said: “Mayfair is a great fit with Capital Bridging. They are a credible team with a strong portfolio of products and a reputation for delivering high quality service. We are delighted to welcome them to the team.”

Shoaib Bux of Mayfair added: “The opportunity to build our business alongside Capital Bridging’s, leveraging their strong expertise and significant funding capacity is a great endorsement of what we have achieved and the potential we have for the future. We already enjoy a positive working relationship with the Capital Bridging team and are now excited about building a future alongside them.”

Mayfair will continue to be based in Preston and there any no plans to relocate either business.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...

FCA finds protection market delivering good outcomes, says TPFG

The Property Franchise Group PLC (TPFG) has responded to the publication of the Financial...

Conditional selling remains industry flashpoint as enforcement lags

Conditional selling remains one of the most persistent and contentious issues facing the UK...

Latest publication

Other news

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...