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Amber Home Loans sells off mortgage assets

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  • 05/09/2002
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Amber Home Loans, a subsidiary of the Skipton Building Society, has sold mortgage assets worth £30m ...

Amber Home Loans, a subsidiary of the Skipton Building Society, has sold mortgage assets worth £30m to Saffron Walden Mortgage Services Ltd, owned by the Saffron Walden Herts & Essex Building Society. The company will now take over administration of the residential mortgage book. This is the third sale of assets this year by Amber, which specialises in adverse, self-cert, 100% loans and buy-to-let mortgages. John Whittaker, chief executive of the Saffron Walden Herts & Essex Building Society, said: ‘This purchase of £30m mixed mortgage assets is part of our programme to develop our subsidiary operation which supports our overall growth as the regional building society in Essex, East London and West Hertfordshire.’


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