Bluestone secures funding from NAB

by:
  • 05/10/2017
  • 0
Bluestone secures funding from NAB
Specialist lender Bluestone Mortgages has secured a new funding facility from National Australia Bank (NAB), Australia's largest business bank.

The moves comes after the lender agreed a funding facility with Shawbrook Bank earlier in the year and takes Bluestone’s aggregate funding capacity to more than £300m.

NAB provides products and services through its Australian franchise, BNZ in New Zealand and via its offices in the United Kingdom, the United States and Asia.

David Torpey (pictured), managing director of Bluestone Mortgages said: “Today’s announcement confirms our ongoing commitment to growth here within the UK and the rest of Europe. Our new funding line not only gives us a deeper capacity and support to grow the business, but importantly further diversifies our funding base to enable richer product innovation, and deliver greater stability to our services in the EU.

 “We will continue to serve customers who are underserved by mainstream lenders and believe our new funding allows us to meet these borrowers’ growing needs.”

 

There are 0 Comment(s)

You may also be interested in

Bridging

Keep up-to-date with all the breaking bridging and short-term lending news and analysis, from regulatory changes to product innovation and inside market knowledge. Take a look at our broker and lender case studies showing short-term finance in practice.

Commercial

Find all the news, opinion and analysis for property finance brokers specialising in commercial and semi-commercial mortgages, alternative and development finance for commercial investments in residential projects.

Second charge

Stay up-to-date with the latest news, analysis and opinion on the secured loan market as it evolves into a mainstream finance option following European regulation on 21 March 2016.

Complex buy-to-let

Whether it’s a complicated asset or a complex customer, you’ll find out all the breaking buy-to-let news in this section. From limited companies to portfolio landlords, student lets to a House in Multiple Occupation, we’ve got all bases covered with our up-to-the-minute news, analysis and opinion.

Mortgage Solutions

Find all the breaking news, analysis and industry comment on Specialist Lending Solutions' sister site, Mortgage Solutions
Read previous post:
Steve Larkin LendInvest
Garden towns cash boost won’t solve housing problem, say experts

The government's cash boost for the garden town initiative is a step in the right direction but does not impact...

Close