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Poor credit mortgage offerings announced

Wed, 22 Feb 2006

A new range of poor credit mortgages is available from Amber Homeloans through Optoma Broker Solutions, it has been reported.

Free valuations are offered on all poor credit mortgage offerings, which also have discounted mortgage rates until May 31st 2008, reports broker website Mortgage Introducer.

The mortgage offerings have a maximum loan-to-value of 90 per cent for feather and light adverse mortgage borrowers.

Those with medium and heavy adverse credit problems could take out a poor credit mortgage with a maximum loan-to-value of 85 per cent.

The poor credit mortgage offerings from Amber Homeloans have "always been very competitive", comments the operations director at Optoma Broker Solutions, Harpal Singh.

"With reduced pay rates and free valuations these products will take some beating," he told Mortgage Introducer.

Amber Homeloans offers mortgages across key lending areas, including poor credit mortgages for those with adverse credit problems.

The mortgage lender is a subsidiary of Skipton Building Society.

Skipton is the UK's seventh largest building society, with 79 branches.

It claims to be an "innovator in the field of mortgage and investment products".

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