Barclays to buy Kensington Mortgages as interest rates rise
by Julia Kollewe from Economics | The Guardian on (#60QE7)
Acquisition comes at a time of intense competition in the mortgage market
Barclays is to buy the specialist mortgage lender Kensington Mortgages for 2.3bn, in a dash for mortgage books as interest rates rise.
The acquisition comes at a time of intense competition in the mortgage market, and as rising interest rates provide a boost to lenders.
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