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AMBER HOMELOANS SELLS £40 MILLION MORTGAGE PORTFOLIO TO the DERBYSHIRE

Skipton Mortgages Limited, which is part of the Amber Homeloans Group (Amber), has today announced the sale of a 600 strong mortgage portfolio valued at almost £40 million to Derbyshire Home Loans Limited.

Amber, which is a wholly owned subsidiary of Skipton Building Society, is a mortgage lender in the specialist market, focusing its lending activities into specific niche areas including light/medium adverse, self certification, 100% loans and buy to let mortgages. In addition, the company sells and purchases bulk mortgage portfolios, an area in which the management team have gained extensive experience over a number of years.

Gordon Jolly, Managing Director of Amber Homeloans Limited, said, "Portfolio sales are an integral part of Amber's strategy as a creator and trader of mortgage assets and we are very pleased to have worked with the Derbyshire on this transaction. This is the first portfolio sale we have made to the Derbyshire and we very much hope this relationship will continue into the future."

Martin Latham, Head of Commercial Lending at Derbyshire Homeloans Limited, said, "We are keen to add good quality assets to our mortgage book and our relationship with Amber will help us to achieve those objectives."

 




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