Heartland’s TSB acquisition would boost scale in home loan market
Heartland's planned acquisition of TSB would give the company greater scale in home loans and lower funding costs, an independent report found.
An independent report has found that Heartland's acquisition of TSB would provide immediate scale in the home loan market and help reduce funding costs. The transaction would benefit from non-interest-bearing deposits held in TSB's transaction accounts. The deal is expected to help Heartland compete more effectively in the reverse mortgage sector.
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TSB acquisition would insulate Heartland against increased competition for reverse mortgages
TSB deal to give Heartland 'immediate scale' in home loan market and lower funding costs helped by non-interest-bearing deposits in transaction accounts, independent report says