Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

U.K. Asset Resolution Sells Mortgages to Virgin Money

July 23 (Bloomberg) -- U.K. Asset Resolution Ltd. agreed to sell 465 million pounds ($722 million) of Northern Rock (Asset Management) Plc residential mortgages to Virgin Money Holdings U.K. Ltd.

The proceeds of the sale will go toward repaying Northern Rock’s government loan, U.K. Asset Resolution said in a statement today.

To contact the reporter on this story: Gavin Finch in London at gfinch@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net;

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.