Its self-cert range is now available to first-time buyers and has a maximum loan-to-value (LTV) of 90 per cent or a maximum loan amount of £250,000. Across its super heavy adverse range there is unlimited adverse and non-conforming to non-conforming applications are now accepted. There is a LTV of up to 80 per cent and no proof of mortgage payments or secured loans is necessary.
Further changes include CCJ’s and defaults over two years old being ignored, while self-employed applicants can obtain a mortgage, with 12 months proof of accounts required.
Mike Perry, sales and marketing director at Amber Home Loans, said: “We’ve made amendments so it is easier for brokers to understand our proposition and to appeal to the wider market.”
Roy New, a sole broker, said: “Amber is really trying hard. Its proposition certainly does look better and the rates are quite good too.”
