Bob Young

Fleet Mortgages secures new funding through OWS Capital Management

Fleet Mortgages has agreed a new funding partnership with asset manager One William Street (OWS) Capital Management.

The specialist lender now has up to £1.4bn available to lend in the UK BTL market.

Founded in 2008, New York-based OWS is an alternative investment adviser which focuses primarily on asset-based and structured credit opportunities in North America and Europe.

Fleet Mortgages has received over £600m of new business enquiries since April and claims the partnership will allow it to grow its product offering.

“This new funding partnership with OWS cements our position in the UK mortgage market and provides Fleet Mortgages with a considerable amount of new funding to lend in the buy-to-let sector,” said Bob Young, chief executive officer at Fleet Mortgages (pictured above).

“It also shows that we are an attractive operation for global investment players and that, even from the perspective of a New York-based business, there is plenty to be positive about in the UK buy-to-let sector and those who operate at the quality end of it.”

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