Starling Bank / Kensington Mortgages Mortgage Book 2021
Starling Bank acquired Kensington Mortgages on November 14, 2021.
- Target
- Kensington Mortgages
- Acquirer
- Starling Bank
- Announced
- November 14, 2021
- Sub-sector
- BaaS
Transaction overview
- Starling Bank announced the acquisition of Kensington Mortgages on November 14, 2021.
- The deal is expected to close pending customary conditions.
Strategic rationale
Starling expands mortgage portfolio to compete with incumbent UK banks, targeting self-employed and overlooked borrowers.
Deal terms & multiples
Frequently asked questions
When did Starling Bank announce the acquisition of Kensington Mortgages?
Starling Bank announced the acquisition of Kensington Mortgages on November 14, 2021.
What sub-sector is Kensington Mortgages in?
Kensington Mortgages is tracked in the BaaS sub-sector.
Sources
- crowdfundinsider.com /2021/11/182953-uk-based-digital-bank-starling-acquires-1b-mortgage-loan-book-from-kensington-mortgages/