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Preferred release one-year fixed

Preferred has released a one-year fixed rate mortgage product.

The new product has no extended tie-in, and is available throughout all sub-prime levels with rates from 6.09%. It is available up to 90% LTV.

Roger Taylor, director of sales and marketing at Preferred, says: “This new product is a welcome addition to the existing range of very attractive products on offer at Preferred. With no early repayment charge after the fixed period this makes it an ideal mortgage for those people who are working towards improving their credit profile.

“Borrowers who successfully manage their mortgage repayments over the 12 month period, will then be in a better position to review their finances without the tie-in of an early repayment charge.”


A dismal 19% of consumers aware of sub-prime market

Despite predictions that the sub-prime sector is set to grow significantly over the next few years, only 19% of consumers have heard of the sub-prime market, research from Beacon Homeloans reveals.While many consumers were ignorant as to what this sector actually covered, they were clearer as to who could benefit from it. The research found […]

Firstplus appoints new MD

Neil Radley has been appointed managing director of UK secured lending at Baclaycard, which encompasses Firstplus, and its sister company Broker Ridge. Radley has for the last two years been working on venture capital projects in the UK and Italy. Between 1999 and 2005 he held a number of senior roles in HBOS including chief […]

PISCES updates HIP standards

PISCES, the e-commerce standards organisation, has updated its Home Information Pack standards.The PISCES HIPs Standard provides the electronic information that makes up the HIP. It addresses all steps, from the HIP being requested to the delivery of the completed HIP, and includes maintaining the HIP for subsequent pack updates. Roger de Boehmler, director general of […]


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