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Amber launches range of fixed rate mortgage products

Amber Homeloans is launching a range of fixed rate mortgage products available via the intermediary market.

Adverse fixed-rates are available to full-status or self-certifying customers with rates of 4.99 per cent for Feather adverse full-status, 5.49 per cent for Light adverse full-status and 5.99 per cent for Medium adverse full-status.

These have no ERC tie-in and 500 cashback. Proc fees up to 1.00 per cent.

The prime Self-Certification product has a 3-year fixed rate of 4.99 per cent available up to 90 per cent LTV with no ERC tie-in and 500 cashback.

The Buy-to-Let 3-year fixed rate of 5.34 per cent is available up to 85 per cent LTV, also with no tie-in.

Associate director, sales and marketing Mike Perry says: “Following the sustained reductions in the Swap rate over recent months, we are anticipating a downward shift in rates by the MPC at their next meeting. Our aggressively priced fixed-rate products pre-empt this.”


Happy anniversary

Now it gets interesting. This week, I am going to look at the inheritance tax treatment of discretionary trusts.

Wynne-Jones in move to Investec

Investec has appointed Mark Wynne-Jones from UBS Wealth Management to join its UK contrarian team, reporting to Alastair Mundy. Wynne-Jones was director of wealth management research at UBS and was previously a fund manager at Cavendish Asset Management.


Yes “I think they should. It does seem strange that these people can be giving advice to clients without being regulated.” Paul Scott, Scott Financial ConsultantsYes “They do not do a proper job and they charge extortion- ate fees which come out of the client’s compensation.” Alan Goffin, Alan Goffin Independent Financial ManagementYes “If they […]

Bear Stearns receives 40,000 FSA fine

The FSA is fining Bear Stearns International 40,000 for failing to report contracts for differences transactions. During a review of trading, the FSA discovered that BSIL had inadvertently failed to report any of its CFD transactions to the FSA since August 2001, which is when the firm began to undertake CFD business. The FSA says: […]

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]


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