Amber launches a bespoke mortgage

Amanda Jarvis

January 20, 2003

The Bespoke Mortgage will help brokers provide an Amber mortgage for each of their clients, regardless of their previous credit history.

The mortgage is based on 3-Month LIBOR (currently 4.03%) plus additional loading depending on the risk. There is a 1% discount until 30 April 2004 and capital repayments up to 10% of the balance of the mortgage are allowed each year without charge, within the redemption charge period. There is a £395 completion fee.

Mike Perry, head of sales and marketing at Amber Homeloans Limited, commented, “The launch of the Bespoke Mortgage is an important move for Amber and a major boost for brokers. Our existing panels have all told us that demand for a product of this nature is very high. Now any clients who were previously unable to get a mortgage due to their credit history can have a loan tailored to suit their individual circumstances.”

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