Amber sells £30m book

Amber Homeloans has sold £30m of its mortgage book to Saffron Walden Mortgage Services, a subsidiary of the building society.

Amber focuses on light/medium adverse, self-certification, 100% loans and buy-to-let mortgages.

Amber managing director Gordon Jolly says: “Portfolio sales are an integral part of Amber&#39s strategy as a creator and trader of mortgage assets. This is the first time we have worked on a transaction with Saffron Walden Herts & Essex. We hope this relationship will continue into the future.”

John Whittaker, chief executive of Saffron Walden Herts & Essex, says: “This purchase is part of our programme to develop our subsidiary operation, which supports our growth as the regional building society in Essex, east London and west Hertfordshire.”