Shawbrook Group’s acquisition of Bluestone, which was announced in March, has completed.
The specialist mortgage lender was purchased in a cash and share deal, which has now had the seal of regulatory approval.
Shawbrook Group chief executive Marcelino Castrillo commented: “Bluestone Mortgages is a respected name in the UK mortgage market and a brand that we know fits exceptionally well into the Shawbrook family given the successful relationship we have developed over the past six years.
“The two organisations share an approach to providing specialist finance at scale, which combines technology and data with the expertise and judgement of their people.”
Bluestone Mortgages chief executive Steve Seal said: “Today is a significant milestone as we embark on the next chapter of our growth journey.
“We have a proven track record of providing brokers with innovative lending solutions to meet their customers’ unique financial needs, particularly those who either choose to work for themselves or who have complex credit histories.”
The deal will expand both parties offerings by bringing together a comprehensive range of services across banking and mortgage lending with a focus on quality digital user experience.
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