Amber Homeloans adverse mortgage range launched

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Amber Homeloans adverse mortgage range launched

Tue 21st Feb 2006

A new Amber Homeloans adverse mortgage range has been launched through distributor Optoma.

Rates will run at a discounted level until May 31st 2008, starting at 5.06 per cent, financial website Mortgage Introducer reports.

Free valuation is given with the package and there will be no extended early repayment charge.

Full status and self-certification options are also offered on the range and will be available at up to 90 per cent loan to value (LTV) for light adverse mortgages and 85 per cent LTV on medium and heavy adverse products.

Sales and marketing director at Amber Homeloans Mike Perry said: "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."

Sub-prime packages, such as the ones in the Amber Homeloans adverse mortgage range, are primarily aimed at customers who have not been able to purchase a mortgage from a high street lender.

Amber Homeloans operates in all key areas of mortgage lending and its products are only available through intermediaries.

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