Preferred relaunches shared ownership range

Preferred has relaunched its shared ownership product range.

The products, which open up the government’s shared ownership schemes to individuals with adverse credit, cater for a wide range of schemes including those for key workers.

The range includes fixed and discounted rates at near prime to extra light adverse levels, with 25% to 75% shares available.

Loans are up to 100% LTV on purchases and remortgages, and there is capital raising for debt consolidation and home improvement available.

Roger Taylor, director of sales and marketing at Preferred, says: Barely a day goes by without a news story saying how difficult it is for first-time buyers to step on to the property ladder.

Shared ownership schemes give individuals the chance to make that step.

Preferred has been offering shared ownership products in the sub-prime market since 2002, and we’re pleased to mark our five year anniversary in this specialist sector with the launch of our most competitive shared ownership products yet.