Pink adds Preferred to panel

Pink Home Loans has added Preferred onto its packaged lender panel.

In addition to sub-prime mortgages, Preferred offers a range of fixed and discounted mortgages across all niche areas including self-cert, buy-to-let and Right to Buy. Pink will also be packaging Preferreds shared ownership products on a semi-exclusive basis.

Benefits of using Preferreds products include flexible lending criteria, quick decisions and turnaround on cases.

Tony Jones, managing director at Pink Home Loans, says: The addition of Preferred to Pinks packaged lender panel means introducers will have access to a lender with many years experience in sub-prime lending, a culture of saying yes whenever possible and flexibility in their lending decisions. Intermediaries will also benefit from Pink having an on-site Preferred underwriter, which means that decisions can be made quickly and cases progressed promptly.

Graham Shingles, national sales manager at Preferred, says: Pink Home Loans is one of the leading mortgage distribution and packaging companies, so we are delighted to be joining its panel. Both Pink and Preferred are service driven, and the presence of our in-house underwriter will benefit our customers even further. Preferred has had a relationship with Pink for many years and we now look forward to working more closely together and moving the businesses forward.

Pink is currently in the process of negotiating exclusive products with Preferred that will be available in Q1 of 2006.