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BOS and Amber link with HLP for loan deals

Bank of Scotland and Skipton&#39s Building Society&#39s sub-prime subsidiary Amber Home Loans have joined up with mortgage network HomeLoan Partnership to offer intermediaries special deals on products.

Under the terms of the Bank of Scotland deal, members of HLP will get a procuration fee of 0.27 per cent of the overall loan size, with a minimum fee of £275.

Amber is paying a procuration fee of 0.3 per cent on its buy-to-let and 100 per cent mortgages and a 0.8 per cent fee on its self-certification and adverse products.

HLP now has 29 banks and societies on its panel and says it is on track to do more than £200m in new mortgage business in its first year.

Managing director Steve Hoare says: “We have been talking to Bank of Scotland and Amber Home Loans for quite a while and I am delighted that we have been able to conclude a deal that will be of immense value to all parties.

“This has got to be a good thing as lenders, networks and intermediaries are quite rightly being asked to find the right financial solutions for an ever wider range of circumstances. Networks like HLP can only offer this service by having access to the widest range of products.”

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