Challenger bank Metro Bank is looking for offers from bidders at the beginning of the next month for a large portion of its mortgage book, media reports have suggested.
According to Sky News, Barclays, Lloyds Banking Group and Natwest have shown interest in the mortgage book.
Sky News reported earlier this month that Metro Bank was looking for bidders for its mortgage book.
Several media reports over the past few weeks have suggested that Metro Bank has been looking for a £600m capital raise after the regulator delayed its approval to allow the bank to use its internal risk for residential mortgages.
The bank secured a £925m refinancing package around a week ago, with Colombian financier Jaime Gilinski growing his stake around sixfold to 53 per cent.
Metro Bank launched in 2010 and has grown to over 2.7 million customers. Its latest result show that its retail mortgage balances came to around £7.6bn in the first half of this year, up 12 per cent year-on-year.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
