UK - Kelso Place acquires sub-prime mortgage broker TML

Kelso Place Asset Management has completed the acquisition of TML Financial Solutions, a subsidiary of Kensington Group Plc. The new independent company will trade under its previous name, The Mortgage Lender. The Mortgage Lender, a specialist sub-prime mortgage broker, was founded in 1999 and acquired by Kensington in 2002. The acquisition by Kelso Place will allow the company to operate outside the restrictions arising from being tied to a single lender.