Lenders

Amber Homeloans – UK Mortgage Lender

Amber Homeloans is a wholly owned subsidiary of the Skipton Building Society, which was founded in 1853. It markets specialist mortgages, including adverse mortgages, self-certification mortgages and buy to let mortgages, through mortgage brokers and other financial intermediaries. It also trades mortgage portfolios with other lenders.

Mortgage Products

Fixed Rate Mortgages: 2 year to 5 year fixed rate mortgages.

Discounted Rate Mortgages: mortgages where a lower rate of interest is charged for the first 1 or 2 years, before reverting to the standard variable rate.

Tracker Mortgages: mortgages where the rate of interest charged follows an independent variable rate such as the Bank of England base rate or the LIBOR 3 month rate.

Capped Rate Mortgages: mortgages where monthly repayments are guaranteed not to rise for a fixed term and will fall if the standard variable rate falls below the capped rate.

Standard Variable Rate Mortgages: mortgages where monthly repayments go up and down in line with the lender’s base rate.

Buy To Let Mortgages: a range of mortgages available for the purchase of rental property.

Adverse Mortgages: mortgages targeted at borrowers with poor credit history.

Self-Certification Mortgages: mortgages where borrowers state their income but do not provide corroborating evidence; often used by self-employed people with insufficient evidence of their earnings.

Amber Homeloans recently won the discounted buy to let lender of the year award and has now become renowned in this sector for good value, no fuss mortgages. Although Amber Homeloans offer a complete range of mortgages, they have established a particular niche in the self-certification and adverse mortgages sectors.

Website: www.amberhomeloans.co.uk