Amber Homeloans Limited has launched a range of semi-exclusive adverse products only available through Amber’s key account packagers.
This new three-month LIBOR-linked range spans the adverse market from Feather through to super heavy adverse, with 18 and 30 month fixed rate options.
Highlights include the heavy adverse products up to 85% LTV (full status or self certification) with 18 or 30 month fixed rates; initial pay rates from 7.29%.
Up to £15000 CCJs and four missed mortgage payment in the last 12 months (two in the last six) are acceptable.
Four-year fixes with initial pay rates from 7.79% are available in addition to the standard 18 and 30 month fixed rate options at heavy adverse level.
Also, super heavy adverse up to 85% LTV full status or self-cert, offers 18 or 30 month fixed rates with initial pay rates from 7.49%.
Unlimited CCJs, missed mortgage payments, defaults and IVAs are acceptable, as well as discharged bankruptcy and repossessions.
There is no ERC overhang across the whole semi-exclusive range, and a £499 application fee is payable on all products.
Mike Perry, associate director sales and marketing at Amber, says: “We enjoy very strong relationships with our key accounts and I am delighted to be able to offer this selection of fixed rate products exclusively via our key account packagers.
“This semi-exclusive range complements Amber’s core range of products, and together they comprise a full array of adverse products, enabling intermediaries to meet a wide scope of consumer demands.”