According to Mike Perry, Associate Director Sales and Marketing at Amber: “Following the sustained reductions in the Swap rate over recent months, we are anticipating a downward shift in rates by the MPC at their next meeting. Our aggressively priced fixed-rate products pre-empt this.”
Adverse fixed-rates are available to full-status or self-certifying customers with rates of 4.99% for Feather adverse full-status, 5.49% for Light adverse full-status and 5.99% for Medium adverse full-status, all offering no ERC tie-in and £500 cashback. Proc fees up to 1.00% are payable for direct applications (subject to a maximum of £4000).
The prime Self-Certification product has a 3-year fixed rate of 4.99% available up to 90% LTV with no ERC tie-in and £500 cashback. The Buy-to-Let 3-year fixed rate of 5.34% is available up to 85% LTV, also with no tie-in.
Mike Perry added: “I am confident that our new fixed rate products will stack up very well based on the true cost over a 3 year period. We have re-introduced Feather to our adverse product range and are pleased with our continued extensive adverse product options available to intermediaries and their clients.”
