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Amber sells £22m self-cert prime mortgage assets to Ipswich

Amber Homeloans has announced the sale of self-certification prime mortgage assets worth around £22m to the Ipswich.

Ipswich says this portfolio sale will allow it to further develop its mix of lending business. It says borrowers will not see any change to the terms and conditions of their mortgage as a result of this transaction but will benefit by gaining membership rights as they become customers of a building society.

Gordon Jolly, managing director of Amber, says: “The sale of assets like this is an integral part of Amber&#39s strategy as a creator and trader of mortgage assets and this deal is part of a busy programme of sales. Due to our ongoing success in originating new mortgages, we now have the assets to support the balance sheet of local and regional lenders.

“This is the second time we have sold a mortgage portfolio to Ipswich, following a £25m transaction in November 2002, and we look forward to building on this relationship in the future.”


Countrywide interested in B&B assets

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Mortgage Next launches DIP facility for AR applications

Mortgage Next has launched a decision in principle facility which it says enables brokers to quickly establish if their application for appointed representative status is likely to be successful. The DIP form, which Mortgage Next says is the first of its kind, requires brokers to answer 12 short questions and can be completed in a […]

AMI look into working more closely together

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Good Northern Rock rates seem to be hitting its service

From John Stewart We were approached by first-time buyers at the end of March who realised that buying a house would be a stressful experience – but they hadn&#39t anticipated dealing with Northern Rock&#39s administration. We approached Northern Rock because it was the only lender who could help our clients ,who had run up some […]


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