View more on these topics

Amber launches bespoke adverse range

Amber Homeloans Ltd has launched a full adverse, menu-driven mortgage which can be tailored to suit each individual&#39 s needs.

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

The bespoke mortgage carries a three-Month LIBOR pay rate (currently 4.03%) plus additional loading for risk based on LTV with a 1% discount until April 30 2004. Loans are available up to 85% LTV for loans between £25,000 and £500,000.

Capital repayments up to 10% of the balance of the mortgage are allowed each year without charge within redemption charge period. The deal carries a 5% redemption charge for three years and a £395 completion fee.

Amber&#39 s full product range is available via a select group of mortgage packagers and panelsincluding Network Mortgages, SP Mortgages, Mortgage Intelligence, Exclusive Connections, Genesis, MPS, Pink Homeloans, DBS Members, Homeloan Partnership, Homebank, Reedsrains, Network Data, Mortgage Direct, IMA, Connells, Optima, and APS Europe

Mike Perry, head of sales and marketing at Amber Homeloans Limited, says: “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.”

Recommended

CML urges homeowners to claim tax credits

With publicity for the new tax credits system beginning shortly, the Council of Mortgage Lenders is urging homeowners to check whether they are entitled to claim the credits. At present, only half of eligible homeowners are claiming credits. An estimated £1bn a year of unclaimed tax credits are accounted for by homeowners. The CML&#39s reminder […]

Barnetts banks £1bn in mortgage transactions

Barnetts Solicitors has begun the new year with news that the firm has banked more than £1bn worth of mortgage transactions in the last 12 months. The specialist conveyancing and personal injury law firm enjoyed 110% growth in turnover during the last financial year and increased its staffing levels in 2002 by 84%. Barnetts also […]

Platform Home Loans appoints finance and planning director

Non-conforming mortgage lender Platform Home Loans has appointed Andrew Davidson to the new role of finance and planning director. Davidson joins Platform after being at Merrill Lynch Investment Managers for ten years. In his final role there, as director and head of institutional operations, he managed 140 staff and was responsible for the international equity […]

The Staffordshire pilots bill payment service

Staffordshire Building Society is piloting a new scheme which, if successful, would mean that members could arrange the supply of their telephone, gas and/or electricity services through the society and make one payment each month. The new service is to be called Staffordshire PaymentPlus and will be available to both existing members and non-members of […]

Pensions - thumbnail

Preparing for the changes to the pensions market

As more and more providers start to reveal their stance on the charge cap and removal of commission and active member discount pricing, we thought it would be worthwhile to look at what these are, and the steps businesses should be taking to prepare for this.

Newsletter

News and expert analysis straight to your inbox

Sign up