In April 2008, following changes in the lending market, Amber Homeloans took the decision to form a new business strategy to secure its future, and withdrew from the lending market for the foreseeable future. The primary role of Amber in the short to medium term will be to manage the existing loan portfolio until the market returns to more normal conditions.
This includes effective arrears management and continuing to ensure that Amber is at the forefront of the whole loan trading market by maintaining strong relationships with current counterparties and forging new links throughout the industry.
Existing mortgage customers should see no change in the management of their loans, and in the event of any query they should contact the Company in the usual way.
Payments must be made in advance by direct debit on the 1st of each month. Full monthly payments will commence on the 1st of the month following completion. I.e. If you complete on 31st October, your first payment becomes due on 1st November and you should ensure that funds are readily available on this date as payments will be automatically requested from your bank or building society.