The product range offers reduced rates discounted until 31 May 2008 starting from 5.06 per cent with no extended ERC and free valuations. There are full status and self certification options which are available up to 90 per cent LTV on feather and light adverse and 85 per cent LTV on medium and heavy adverse.
Harpal Singh, operations director at Optoma Broker Solutions commented: "We are delighted to have our first range of Amber exclusives. Amber’s adverse range has always been very competitive. With reduced pay rates and free valuations these products will take some beating. Optoma will continue to offer products that meet the demands of the intermediary, coupled with fast efficient service through our lender specific underwriters."
Mike Perry, sales & marketing director at Amber Homeloans commented: "We have a long established relationship with Optoma and they are a major distributor of our products. These exclusives have been designed around the needs of the sub prime consumer. Intermediaries should gain confidence from knowing that we have found Optoma’s packaging quality to be amongst the very highest throughout the last four years."
