Starling Bank completed the acquisition of Fleet Mortgages for £50m.

Starling Bank, a licensed and regulated bank, completed the acquisition Fleet Mortgages, a buy-to-let and specialist lender, for £50m. “The acquisition of Fleet Mortgages is the start of our move into mortgages as an asset class and builds on a number of forward-flow arrangements that we’re doing with leading non-bank lenders. Fleet’s existing management team will remain in place and Fleet will continue to operate as a stand-alone company, keeping the original name and brand. We’re buying Fleet because it is very good at what it does, not because we want to change it,” Anne Boden, Starling Bank CEO.