Pensions Bank bought and revamped by Cambridge college and scheme

The bank's primary purpose is for lend to small and medium-sized businesses, offering secured lending against property, secured pension lending and business deposit accounts. C&C will offer loans of up to SIPP and SSAS schemes secured against commercial property with terms of up to 20 years, at a maximum of 50% of the pre-borrowing fund value, and at no more than 70% LTV of the asset purchased. The bank's owners said it will lend more than £100m over the next four years, and will later launch a retail banking arm. The bank was previously known as The Pensions Bank before Cambridge ...