Canaccord Genuity Hawkpoint advises the Bank of Ireland on the sale of a c.£1.2bn prime UK mortgage book to The Mortgage Works (UK) plc, a wholly owned subsidiary of the Nationwide Building Society for £1.1bn

The Bank’s UK mortgage business (previously Bristol & West) has been effectively closed to new business since January 2009 and the run-down of the business subsequently was flagged as part of the group’s EU restructuring plan. 

The transaction saw a £1.2bn prime tranche of the Bank of Ireland's UK mortgage book sold to a division of the Nationwide Building Society for c.£1.1bn.

Canaccord Genuity Hawkpoint was appointed as financial adviser to Bank of Ireland in relation to the UK mortgage business.

Back to Listing