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TMB boosts packagers to 150

HBOS specialist lending subsidiary The Mortgage Business has increased the number of packagers it uses to do business by 39 per cent to 150 from 108 between 2001 and 2002.

It says packaged business now accounts for 65 per cent of its total lending, up from 3 per cent in 1997.

TMB&#39s net mortgage advanced in 2002 totalled £3.5 billion, up from £2bn in 2001.

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