Investec to examine ownership

Investec has said that it will look at the implications of owning two specialist mortgage providers in the Irish market in the coming weeks.

The financial services group is close to finalising a £283 million (€418m) takeover of Kensington Group, which owns the Start specialist mortgage provider here.

Investec also co-owns Nua Homeloans another player in the Irish specialist mortgage market.

It has been suggested that shareholders in Nua and Start may not be too happy about being so closely related.

A spokesperson for Investec said the group would look at the matter in the coming weeks.