Charter Court Financial Services is planning a listing on the London stock exchange, potentially valuing the buy-to-let lender at £500m.
US hedge fund Elliott Management will reduce its 90% holding in the company, selling an around £200m stake. Old Mutual Global Investors plans to subscribe for £100m of shares.
The lender’s mortgage book increased by 55% last year and totals £4.4bn. It has £4bn of retail deposits.
