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Chaseblue acquires remaining shares from minority shareholder

Specialist packager Chaseblue Loans has bought the minority shareholding from Chase UK Corporation for an undisclosed amount.

Adrian Whittall, chairman of Chaseblue Loans, which packages commercial, bridging and secured finance loans, says: “We have been discussing this transaction with the directors of Chase UK for sometime. This arose from Chase UK’s desire to focus on its core business.

“The Chaseblue board and its major investor in turn wished to gain full control of the shareholding thus providing freedom and flexibility to operate in the market.

“We concluded the transaction in March 2008 and are now looking forward to further developing Chaseblue with our network of brokers in these interesting and challenging times.

“We would like to pay tribute and thanks to the directors of Chase UK for their assistance in the successful launch of Chaseblue Loans.”


Adapting to the inevitability of change

My old friend Rob Clifford, managing director of mortgageforce, was on Radio Five last week explaining to listeners how the market had got itself into a mess and what should be done to weather the storm.

Commercial First places 50% of staff into consultation

Following the announcement last month that specialist commercial lender Commercial First, has been forced to suspend new lending, the company has confirmed that it has entered into a consultation period with its staff. Stephen Johnson, sales and marketing director at Commercial First, says: “We continue to progress numerous opportunities in order to return to market […]

Overseas danger

Customers buying overseas aren’t protected by regulation so brokers must refer them to specialists to shield them from a variety of dangers, says Jane Ayliff


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