Barclays reaches an agreement to acquire Kensington Mortgages
Barclays intends to pay approximately £2.3 billion for Kensington Mortgages. The British bank will also buy Kensington’s £1.2 billion home loan portfolio. Kensington is a specialised mortgage lender that concentrates on offering residential property loans through brokers. Barclays has agreed to acquire specialist UK mortgage lender Kensington from private equity companies Blackstone and Sixth Street … Read more