The portfolio was made up of Prime Self Certification and very light Adverse assets and is the second transaction between Amber and Future.
Amber were advised in the transaction by Pinsents (Leeds Office) and Future were advised by Allen & Overy LLP (London Office).
Gordon Jolly, Managing Director of Amber, said, “We are delighted to partner Future in a portfolio transaction once again and look forward to dealing with them again in the future. The sale of residential mortgage assets is an integral part of Amber’s strategy and will continue to the end of the year and beyond, this transaction takes the total mortgage sales for 2004 to nearly £400 million”
