The new range offers increased discounts on the full status products linked to Amber’s variable mortgage rate, with reduced redemption penalties and no arrangement fees.
The new improved 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 7.09%
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 director at Amber, commented: “We are pleased to increase the discounts on our full status adverse mortgage range, so there is now an even clearer benefit for the client to verify their status and income. Added to this we have reduced the redemption penalties and removed the arrangement fees on the full status products, enabling brokers to offer customers in the non-conforming market an ever more attractive proposition.”
