From today, the combined group will harness the very best of both firms to create a leading specialist mortgage lender in the UK.
As well as leveraging the complementary strengths of both businesses, the combined group will use its greater scale and resources to offer an enhanced proposition to customers, brokers and distribution partners.
The group brands; Precise Mortgages, Kent Reliance for Intermediaries, InterBay Commercial, Heritable and Prestige Finance, will remain separate, as will propositions, service, contacts, procuration fees and product offerings.
New Group Managing Director Alan Cleary said, “We’re very pleased today to announce the completion of the combination of OneSavings Bank plc with Charter Court Financial Services Group plc.”
Alan continues, “Intermediaries have always been at the very heart of our propositions and I’d like to take this opportunity to reassure brokers that operationally they’ll notice absolutely no change. It will be business as usual with all the brands of the new group remaining committed to the intermediary market.”