Metro seeks to sell back CHL loans to Cerberus

metro bank
By Tom Brown
22 Jul 2019

Metro Bank confirmed on Monday that it was planning to sell a portfolio of loans, following a report over the weekend from Sky News, with Cerberus in the frame to buy back the same Capital Home Loans mortgages it sold to Metro in 2017.

Cerberus bought the loans as part of its acquisition of Capital Home Loans (CHL), the UK mortgage lending arm of Permanent TSB, financing some of the assets through its Auburn shelf.

The provisional portfolio equaled approximately £1.6bn at this stage, of which just over £1bn was securitized ...

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