Enterprise boss is back in business

Michael Clapper, founder and former group chief executive of Enterprise Group, has returned to the mortgage market after acquiring an equity stake in Viva Costa International Mortgages.

The investment has been made via Clapper’s investment vehicle Clapper Ventures. Others involved in Clapper Ventures include Jo Dempsey, Enterprise’s former chief operating officer, Mark Davies, its former legal director and Howard Wallis, its former finance director.

Enterprise Group and subsidiary companies Enterprise Broker Services and Edge v2 were placed into administration at the end of 2009 but Enterprise Finance continued trading.

Viva Costa was formed in 2005 and assists advisers and their clients with overseas mortgages and property sales. It has offices in the UK and Spain.

As well as being an investor in Viva Costa Clapper will also work as an adviser.

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