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The Nottingham strikes mortgage app deal with MAB and Belvoir Group
By Roger Baird 2
nd June 2021 3:54 pm
The Nottingham has joined forces with broker Mortgage Advice Bureau and property firm Belvoir Group in a deal that will see the mutual sell mortgages on the Beehive Money app to a younger “digital-first audience”, when it launches later this year.
As part of the move, the building society will sell its Nottingham Mortgage Services unit to AIM-listed Belvoir Group.
Belvoir Group said it acquired Nottingham Mortgage Services for £600,000 in cash from existing cash resources, in a stock market announcement today. It added the agreement between the three firms would last for ten years.
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A glance at some of the day s highlights from the Proactive Investor s newswire
Brickability Group PLC (LON:BRCK) is acquiring Taylor Maxwell Group, supplier of timber and non-combustible cladding, for £63mln. The deal will be part-funded by a £55mln sale of shares.
Belvoir Group PLC (LON:BLV) announced it has exchanged contracts to acquire the entire issued share capital of Nottingham Mortgage Services (NMS), a wholly-owned subsidiary of the Nottingham Building Society.
Belvoir also announced that it will present at Proactive s One2One Virtual Forum on Thursday 3 June 2021. The event will begin at 6.00pm and take place via online webinar, with registration available at the following link: https://event.webinarjam.com/register/1083/wyy3gso97