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Amber says up to 27 jobs at risk

Amber Homeloans says up to 27 members of staff have been placed on a 30-day consultation period as a result of the firm’s withdrawl from the new lending market.

But Mike Perry, associate director of sales and marketing at Amber, says he expects many of them to be redeployed else where within Amber’s parent group Skipton.

Perry himself will undertake a consultation period with the mutual about his own position.

He says: “This is obviously very sad. I’ve been at Amber since it started and the company has returned profits of over £60m.”

Perry says that Amber’s original business plan aimed to cap its maximum lending at £1bn.

The lender’s withdrawal from new lending, which was announced yesterday, is a result of its backbook now exceeding the cap.

Perry says: “With the securitization market being closed and our backbook at £1.6bn, it is necessary for us to withdraw from the market for the timebeing.”

The firm anticipates returning to the market no earlier than Q3 2009.


FSA to spearhead debt advice pilot

The Financial Services Authority will launch a free debt advice pilot scheme based on the recommendations of the Thoresen Review of Generic Financial Advice.The review calls on the government to provide a free public financial advice strategy to Britons. Otto Thoresen, chief executive of Aegon UK, was appointed by the Treasury to undertake the review […]

Brokers called on to revisit clients

Simon Cocker, head of business development at the Dunfermline, is calling on brokers to follow lenders and instigate a full recontact programme with clients. Cocker said that Dunfermline’s own research revealed that 86% of its customers were retained by the lender, not the broker, after the customer’s initial rate had finished. He also pointed to […]


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