Dunfermline has added a further 56m to its mortgage book through the purchase of a portfolio of residential investment loans from Southern Pacific Mortgages.
This is the third such major purchase made by the society inside 18 months, following purchases of a 70m residential investment portfolio and a further 100m mortgage portfolio from G-MAC.
Peter Weanie, general manager of commercial lending at Dunfermline says: These additions to our loan book further underline the society s desire to grow its customer base. Our ability to speedily integrate such tranches of lending from major organisations reflects well on the capability and expertise of our staff.
We continue to have an excellent year with all aspects of our business performing well against plan, although it is essential to continue to diversify our income streams in this highly competitive market.