Preferred adds extra 0.25% discount to larger loans

Preferred Mortgages has added an extra discount of 0.25% on all loans over £200,000.

The extra discount means the total discount is now from 1.75%. The limited offer is available on all core range products until July 1 2005.

John Webster, business development director at Preferred, says: “With house prices continuing to increase, larger loans are becoming more common place. This additional discount is designed to give our customers extra help in the first year of the loan.”