Amber launches adverse credit loans

Amanda Jarvis

January 16, 2003

The new range includes: four light adverse mortgages with rates from 4.53%; four medium adverse mortgages with rates from 5.03%; and four heavy adverse mortgages with rates from 5.53%.

Mike Perry, head of sales and marketing at Amber, commented: “For the first time, Amber has launched a full range of light, medium and heavy adverse products. Our previous light and medium adverse range proved very popular and, by separating the categories, borrowers with minor credit problems can now receive an even more attractive rate. The new range will enable brokers to offer customers in the non-conforming market the option of full status or self-certification and fixed rate or LIBOR-linked mortgages.”

Amber’s full product range is available via a select group of mortgage packagers and panels.

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