Mortgages PLC was launched in 1998. It has offices in London, Glasgow, Scarborough and Skipton and since November 2004 Mortgages plc has been a wholly-owned subsidiary of Merrill Lynch, one of the world's leading financial institutions.
It provides a range of residential mortgages, via intermediaries, which are designed for borrowers whose circumstances often put them outside the sphere of traditional high street lenders. This market is called the non-conforming mortgage market and is also know as the sub-prime or non status.