Scarborough sells £500m portfolios to Basinghall

The deal will form part of a third party administration partnership, and is part of wider growth and diversification plans for Scarborough Group, as it claims the deal with the UK subsidiary of the German bank, is strategically important. Assets sold to Basinghall Finance come from Scarborough’s wholly owned subsidiary North Yorkshire Mortgages, but it will continue to administer these and other mortgages for Basinghall, through its third-party administration operation SMS Mortgage Services. John Carrier, chief executive at Scarborough, says Basinghall is a key client and one which wi...