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 Post subject: Bradford & Bingley mortgage sale raises £11.8bn
PostPosted: Fri Mar 31, 2017 11:35 am 
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Bradford & Bingley mortgage sale raises £11.8bn - -> http://www.bbc.com/news/business-39452635

Quote:
The government has sold buy-to-let mortgages belonging to failed lender Bradford & Bingley for £11.8bn.
Insurance firm Prudential and investment firm Blackstone have teamed up to buy the loans.
The government took on the mortgages of Bradford & Bingley after rescuing the lender in 2008.
UK Asset Resolution (UKAR), which has been handling the sale, says that terms and conditions for the 104,000 loans will not change.
The deal is one of the biggest asset sales by a European government.

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