The new rates will now be 5.49% (full status) and 5.95% (self-certified) and both will be fixed until 31 January 2005.
The full status mortgage is suitable for borrowers who intend to provide evidence when declaring their income. However, borrowers are also offered a self-certification option whereby Amber will generally accept a borrower’s declaration with minimal verification of income. Amber’s full product range is available via a select group of mortgage packagers and panels.
Gordon Jolly, managing director of Amber, commented, “We are particularly pleased to be able to offer our lowest ever fixed mortgage rates. These two products will enable brokers to offer customers in the non-conforming market the benefit and stability of fixed monthly repayments, for the next two years, at an attractive low rate.”
