Majestic has acquired the shares previously owned by an institutional investor as well as a number of private investors in the UK and USA.
Trevor Pothecary, chief executive of Mortgages plc, said: "This is great news for Mortgages plc. The additional capital being introduced by Nikko will enable us to forge ahead with our plans for growth and enhance both the quality of products and service we provide to the intermediary mortgage market. As well as equity financing, Nikko has introduced a substantial amount of working capital to the business which will enable Mortgages plc to achieve its strategic objectives, grow organically and compete far more aggressively in our market."
