The new range offers full status and self-certification options linked to Amber’s variable rate.
The new range includes:
- Two feather adverse discount mortgages – rates from 4.34%
- Two light adverse discount mortgages – rates from 4.84%
- Two medium adverse discount mortgages – rates from 5.34%
- Two heavy adverse mortgages – rates from 6.84%
The Full Status mortgages are suitable for borrowers who intend to provide evidence when declaring their income. However, borrowers are also offered Self-Certification options whereby Amber will accept a declaration with minimal verification of income. Amber’s full product range is available via a select group of mortgage packagers and panels*.
Mike Perry, head of sales and marketing at Amber, commented, “Last October, Amber added the Feather Mortgage to its product range for borrowers at the lightest end of the adverse credit scale. This addition proved extremely successful and is now a fixture, alongside the light, medium and heavy adverse products. We are pleased to re-launch our entire adverse mortgage range, with full status and self-certification options, enabling brokers to offer customers in the non-conforming market even more choices.”
