AMBER LAUNCHES “AMBER PRIME” RANGE
Amber Homeloans Limited (Amber) has launched the new “Amber Prime” mortgage range, offering discounted pay rates and no extended tie-in. This new range of products provides rates linked to Amber’s variable mortgage rate while ignoring defaults completely and also accepting an unlimited number of CCJs up to the value of £500. CCJs can be ignored if over 3 years old or if satisfied for over 1 year.
The new “Amber Prime” range includes:
- 2% Discount up to 75% LTV followed by SVR – initial pay rate of 4.84%
- 1.75% Discount up to 90% LTV followed by SVR – initial pay rate of 5.09%
- 1.5% Discount up to 95% LTV followed by SVR – initial pay rate of 5.34%
Mike Perry, associate director of sales and marketing at Amber, commented, “We are pleased to announce the launch of the exciting new range of “Amber Prime” products. “Amber Prime” offers intermediaries the chance to provide their clients with a product range combining attractive Prime rates, whilst accepting a small amount of adverse history. There is no extended tie-in on this range and defaults are completely ignored, enabling intermediaries to offer an “Amber Prime” product as a very flexible package”
AMBER LAUNCHES NEW ADVERSE RANGE
Amber Homeloans Limited (Amber) has launched a new adverse mortgage range, covering borrowers with light to medium adverse credit. The new range offers discounted full status and self-certification products linked to Amber’s variable mortgage rate, lower pay rates and relaxed criteria on defaults and CCJs.
The new improved range includes:
- Two light adverse discount mortgages – rates from 4.84%
- Two medium adverse discount mortgages – rates from 5.34%
Defaults are ignored on the entire range of Adverse products and CCJs can be ignored if over 3 years old or if satisfied for over 1 year.
Full Status mortgages are suitable for borrowers who intend to provide evidence when declaring their income. However, Self-Certification options are also available, whereby Amber will accept a borrower’s declaration with minimal verification of income.
Mike Perry, associate director of sales and marketing at Amber, commented, “Following the success of the previous range of Adverse products, the new Light and Medium adverse products have been developed based on the selling points of the previous range. The criteria has been simplified and enhanced on the new range to make these products more attractive for intermediaries.”
