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They specialise in buy to let mortgage finance. Originally Sun Bank , it was purchased by the Portman Building Society in 2001 [ 2 ] and renamed to The Mortgage Works in 2004. [ 3 ] When Portman was merged with the Nationwide in 2007 [ 4 ] they continued to trade under a separate name as a subsidiary.
Portman merged with the Nationwide Building Society in August 2007, [1] at which time it was the third largest building society in the UK and the largest regional building society in the south of England, with 154 branches and assets exceeding £15 billion.
Debbie Crosbie (born 30 March 1970) [1] is a British banker, and the chief executive of the Nationwide Building Society since June 2022. She was previously the CEO of TSB Bank from May 2019. [ 2 ]
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As of 2022, Nationwide ranked as the second largest provider of household savings and mortgages in the UK, holding a 10.3% market share in current accounts. [ 1 ] : 15 For the financial year 2021/2022, Nationwide had assets of around £272.4 billion [ 1 ] : 57 compared to £483 billion for the entire building society sector, [ 5 ] making it ...
Charter Court in Wolverhampton (on the left) The company was established with long term investment provided by Elliott Associates LP and Elliott International LP, to provide credit consultancy and mortgage administration services for pools of mortgage loans owned by third parties in 2008.
UCBHL operated out of a single location in Sutton with over 300 employees, relocating to Bournemouth and merging with the Portman Building Society's The Mortgage Works in 2007 following Nationwide's merger with the Portman. [1] It ceased new lending on 31 October 2008, but continues to collect money from its customers.