Barclays strikes $2.8 billion deal to buy mortgage lender Kensington

Published by
Reuters UK

By Iain Withers LONDON (Reuters) -Barclays has struck a deal worth around 2.3 billion pounds ($2.8 billion) to buy specialist lender Kensington Mortgage Company, extending its reach in Britain’s housing market. The acquisition represents one of Barclays’ biggest recent transactions and a sizeable bet on the property market. British house prices have continued to rise in the past few months despite rampant inflation pressuring households, although industry experts predict them to cool later this year. Kensington is being sold by its private equity owners Blackstone and Sixth Street. Barclays sa…

Read More