JC Flowers Puts $105M into Castle Trust

U.S. private equity firm JC Flowers is investing 65 million pounds ($105 million) to help establish a new British mortgage provider and investment company called Castle Trust, Reuters reported Monday. Castle Trust said on Sunday that it will provide UK home-buyers with an extra source of funding in addition to bank lending, as well as offering people the chance to invest in the housing market through saving products linked to house prices.

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