11 March, 2026 by Euan Healy, Ortenca Aliaj, Laith Al-Khalaf and Robert Smith in London
In 2019, two small funds were running the usual checks before investing in a fledgling mortgage lender registered to an address in the sleepy outskirts of a market town in North Essex.
They quickly hit a wall. Market
Register for free to keep reading
To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.
- Unlimited access to industry insights
- Stay on top of key rules and regulatory changes with our Rules Navigator
- Ad-free experience with no distractions
- Regular podcasts from trusted external experts
- Fresh compliance and regulatory content every day

