Credit – Sainsbury sells £464m mortgage book to Co-operative Bank as it exits the market (altfi)
Credit – Newly-licenced LHV Bank to introduce personal savings via Raisin UK (altfi)
ABS – Barclays pre-places Avon Finance No.3, a legacy pool of UK mortgages from GMAC/Platform (Debtwire)
ABS – Santander priced second Holmes UK mortgages master trust deal of the year – a first since 2018 (Debtwire)
Credit – Ulster Bank agrees to sell most remaining loans worth €694m to AB CarVal (Irish Times)
Regulatory – Mortgage providers have approached 1.68 million customers over the past 5 years about possible risks of their interest-only mortgage. Partly because more customers have taken action, but also because partly due to the development of house prices, the number of customers with increased risk of residual debt reduced by 63%, to around 200,000 (AFM)
Credit – House prices rose slightly in July (fd.)
Credit – Foreign investors becoming more reluctant to buy Dutch rental properties due to the rise in interest rates and the threat of rent regulation (fd.)
Credit – Builders, developers and municipalities flag upcoming shortages in financings of €3.3bn for already planned housing projects (fd.)
Funding – The credit fintech Captiq establishes strategic partnership with Austrian Anadi Bank, securing credit commitment of up to €150m to chamber professionals (finanz-szene)
M&A – Fidelity reported to consider sale of FIL Fondsbank (Bloomberg)
M&A – Auxmoney acquires majority stake in Dutch marketplace Lender & Spender (altfi)
