View more on these topics

Enterprise Finance acquires West One Loans

Specialist distributor Enterprise Finance has acquired bridging lender West One Loans for an undisclosed sum.

West One Loans will continue to operate under its own branding and all existing staff members will remain with the company.

West One Loans directors Duncan Kreeger and Stephen Wasserman will join the Enterprise Finance board of directors.

West One Loans has first-charge lending permissions but Enterprise Finance says it will focus on second-charge loans during the “bedding-in period”.

Enterprise Finance chief executive Danny Waters says: “We feel we can help West One Loans realise its considerable potential far sooner. Also, with Stephen and Duncan joining the board, we will be adding strength and depth to our own senior management team and I look forward to working with them to take the business forward. From now on, our strategy as a group will be focused on both organic and buy-to-build growth, with this the first of a number of planned acquisitions.”

Kreeger adds: “Being part of one of the fastest growing companies in the country is clearly a very exciting prospect for us. This deal will give us more firepower and enable us to expand far more quickly.”

Recommended

Mole

The Mortgage Mole

WINGING IT As Mole knows all too well, the summer months mean two things for journalists: very little news and talking endlessly to answering machines as industry folk set off on their holidays. But it seems the summer is also when most of the industry gives something back to the community through charity work – […]

Simon-Crone-700.jpg

Analysis: Managing risk for a high LTV future

We are now almost a year on from the moment David Cameron announced he would bring forward the launch of the second part of Help to Buy. Since then, buoyed by the Government guarantee, low-deposit lending has improved considerably, not just from those participating in Help to Buy but by those lenders offering high LTV […]

Bank-of-England-BoE-Building-Horse-700x450.jpg

BSA warning over permanent LTI cap

The Building Societies Association has urged policymakers not to make the proposed LTI cap permanent and for it to be reviewed after 18 months.  Responding to a Prudential Regulation Authority consultation, the trade body said making the cap permanent would be a “backward step”.  The BSA’s response, published last week, adds: “As this measure has been introduced in […]

Newsletter

News and expert analysis straight to your inbox

Sign up