Indeed, the volumes of both packaged and direct applications are up 95 per cent on the same three-month period last year.
Mike Perry, associate director of sales and marketing at Amber, said: “We are extremely pleased with the company’s performance over the last three months. October in particular was very gratifying considering the volatility and turmoil in the industry during this period.”
Amber has so far ridden out the market difficulties, something which it says is down to reliable lending criteria and decisions, stable product offerings, and the provision of ample notification to intermediaries prior to product changes.
Perry added: “Amber has continued to support the broker and packager communities at a time when some lenders have left them high and dry due to eleventh-hour product withdrawals, placing them in a very awkward situation with their clients.
"We have continued to provide packagers with a four week period of submission, unlike many lenders who have asked for applications to be with them within an impractical 48 hours.”
