Tony Murtagh looks to buy Capital One Homeowner Loans

The Money Group’s managing director Tony Murtagh has told Mortgage Strategy that he is interested in acquiring Capital One’s Homeowner Loans operation.

As exclusively revealed by Mortgage Strategy yesterday, Capital One is closing its licensed credit broker Homeowner Loans with around 230 redundancies.

But Murtagh says he has offered the loan, mortgage and credit card provider – and its 230 staff members – a glimmer of hope.

He says: “Homeowner Loans is a good brand with decent assets. We would be interested in acquiring it.”

Capital One says Murtagh’s interest in the business has been registered and his details have been passed on to Homeowner Loans’ managing director Louise Dickinson.