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UBS forks out £10m for Amber portfolio

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  • 01/07/2002
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Amber Homeloans Group has sold a £10m prime mortgage portfolio to Universal Building Society (UBS), ...

Amber Homeloans Group has sold a £10m prime mortgage portfolio to Universal Building Society (UBS), via its subsidiary Skipton Mortgages. Portfolio sales are an integral part of Amber’s strategy as a trader and creator of mortgage assets.

Gordon Jolly, managing director of Amber Homeloans, said: ‘We are delighted that the opportunity arose to work with UBS for a second time, as this transaction follows Skipton Mortgages’s sale of almost £10m of mortgages to the society in December 2000, the first sale ever made by Skipton.’


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