From Monday 2 February, Amber will be offering three prime three-year discounted mortgage products, with rates starting from only 4.34%.
The new prime mortgage range comprises:
- Up to 75% LTV – 1.5% discount off variable rate until 30 April 2007 – current rate 4.34%
- Up to 90% LTV – 1.2% discount off variable rate until 30 April 2007 – current rate 4.64%
- Up to 95% LTV – 1% discount off variable rate until 30 April 2007 – current rate 4.84%
Mike Perry, head of sales and marketing at Amber, commented, “At Amber, we pride ourselves on being an innovative and fast-moving mortgage lender. Last year we added the hugely popular Bespoke Mortgage and a 100% loan, to name but two, to our range and 2004 will be no different. We are delighted, therefore, to be able to add prime mortgages to the ever-growing list of Amber products which brokers have at their disposal. In recent years, we have been successful in selling mortgage assets to regional building societies. This area of business continues to be important to Amber so the addition of prime mortgages will allow us to build up a mixed portfolio for future sales.”
