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Crown Mortgage Management wins £40m bridging portfolio deal

Crown Mortgage Management has won a £40m standby deal for a bridging portfolio, bringing its standby assets under management to £9.84bn.

Crown Mortgage Management interim chief executive Andrew Doyle says:“We take the provision of standby servicing very seriously and this contract enables us to showcase our credentials and expertise in servicing bridging portfolios.

“This is a great start to the year and an important step for Crown. We have been able to grow assets under management in a difficult environment and look forward to building on this success throughout 2013.”

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Council launches 20 per cent loan value scheme

Essex County Council is launching a local authority mortgage scheme to help first-time buyers. The scheme, launched in partnership with the county’s district, borough and city councils, will guarantee up to 20 per cent of the mortgage loan value. The council estimates there are around 6,000 people struggling to purchase their first home in the […]

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