UK Mortgages Ltd - Guernsey-based investment company - Firm and TwentyFour Asset Management LLP complete the arrangement and signing of a new warehouse facility. This will fund the forward flow purchases of newly originated buy-to-let mortgage loans from UK Mortgages' ongoing arrangement with Keystone Property Finance.
The company says it is now firmly positioned to deliver its primary objective of generating stable long-term income for investors, and with additional income growth now forthcoming from this new facility.
Current stock price: 73.94 pence, up 0.2% on Tuesday
Year-to-date change: up 12%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.