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Amber sells £65m mortgage portfolio

Amber Homeloans has announced the salel of a mortgage portfolio with a value of £65m to Future Mortgages, part of Citigroup.

The portfolio was made up of self-certification and light adverse assets. This is the second transaction between Amber and Future.

Amber was advised by Pinsents and Future by Allen Overy LLP.

Amber managing director Gordon Jolly says: “The sale of residential mortgage assets is an integral part of Amber&#39s strategy and will continue to the end of the year and beyond. This transactipon takes the total mortgage sales for 2004 to nearly £400m.”

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