This £120 million deal comprises of a blended pool of buy to let and self-cert products and was completed on the 30th June 2004.
Craig Beresford, Head of Asset Sales at GMAC-RFC says: “GMAC-RFC continues to lead the UK market in the creating and trading of assets. This is our fifth transaction with Amber Homeloans Ltd and we are pleased to be continuing our business relationship with them. This portfolio sale highlights the demand for buy to let and self cert products in the current market and reinforces GMAC-RFC’s position as a flexible lender.”
Gordon Jolly, Amber Homeloans Ltd adds; “We are delighted to continue our relationship with GMAC-RFC by completing our fifth portfolio sale with them. Amber have had considerable success in the origination of mortgages over the last three years, however portfolio acquisitions are an integral part of our business. They have enabled Amber Homeloans Ltd to achieve business growth in a controlled and structured manner."
