Bradford & Bingley announced that it will acquire a GBP2 billion ($3.9 billion) share of Kensington Group's prime mortgage portfolio over the next two years. The acquisitions will be made on a monthly basis, and each portfolio will comprise a blend of prime buy-to-let, self-certified and standard loans, in line with strict credit parameters, B&B spokesperson Nickie Aiken said.

"The acquired loans will be on similar credit terms to those originated through Bradford & Bingley's direct and intermediary specialist lending channels," Aiken said, adding that B&B will carry out due diligence to confirm that the loans were appropriate for the group.

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