You are here: Home - News -

Ipswich buys portfolio of mortgages from SPML

  • 17/06/2003
  • 0
Ipswich Building Society has bought a £30m portfolio of mortgages from lender Southern Pacific Mortg...

Ipswich Building Society has bought a £30m portfolio of mortgages from lender Southern Pacific Mortgage Limited (SPMC). Ipswich’s strategy to purchase books of business allows it to strengthen its overall portfolio in certain areas. Paul Winter, sales and marketing director at Ipswich, said: ‘Buying loan portfolios is a cost-effective way to take us into new areas and generate business. The returns on acquisitions can be significantly more than on other lending.’


There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.

Read previous post:
The Mortgage Operation enhances its website

The Mortgage Operation (TMO) has revamped its website, The site has separate p...