Type Partnership Founded 1999 | Industry Financial Services Headquarters Leigh-on-See, Essex | |
Products Mortgages and Insurance | ||
National & Capital, or N&C as it is more commonly known claims to be "one of the UK's leading mortgage brokers" who specialise in the placement of prime, buy to let and non-conforming mortgages. It was established in 1999 as Fasttrack Finance but later changed its name to Essex & Capital Mortgage Corporation Ltd when it was acquired by the US Investment Bank Bear Stearns. It was taken back into private ownership in 2006 as National & Capital when Bear Stearns took the decision to withdraw completely from the UK mortgage market after a rise in foreclosures in the United States in late 2006 which subsequently triggered a global financial crisis through 2007 and 2008.
National & Capital Ceased Trading in 2010.
Background
In 2004 Bear Stearns announced that it took an ownership stake in UK based Essex & Capital Mortgage Corporation Limited to the London Stock Exchange.