Under the terms of the deal, the acquisitions will be made on a monthly basis and each portfolio will comprise a blend of prime buy-to-let, self-cert and standard loans, in line with strict credit parameters. The acquired loans will be on similar credit terms to those originated through Bradford & Bingley’s direct and intermediary specialist lending channels.
Bradford & Bingley will carry out due diligence to confirm that the loans meet the group’s credit standards.
