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Clayton Euro Risk provides due diligence for Virgin Money NRAM mortgages acquisition

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Clayton Euro Risk’s asset review and due diligence service were used by Virgin Money to assist on the acquisition of GBP465m of NRAM mortgages held by UK Asset Resolution (UKAR). 



The acquisition was announced on 23 July and continues the working relationship between Virgin Money and Clayton Euro Risk, which also acted on the initial acquisition of Northern Rock (now called Virgin Money).
 
The Clayton Euro Risk team was led by Tim Keast, president and chief executive of Clayton Euro Risk.
 
"Clayton Euro Risk has provided due diligence to the Virgin Group over the last three years and would like to congratulate Virgin Money on its latest transaction. It will help to bring much needed choice and competition to the high street which is great news for consumers,” says Keast.

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