Key changes include the reduction of rates by up to 0.35% and an increase in discounts by up to 0.50%, on all products. The enhancements reflect Preferred's continued commitment to the needs of the market and reinforce their role as one of the leading lenders in the nonconforming sector.
Other enhancements include a one-year discount extended until January 1 2006 on all products, a two-year discount extended until January 1 2007 on near prime enhanced and simplified credit terms on light: now £4,000 CCJs and two arrears, none in the last three months.
John Webster, managing director, says: 'We value the feedback of our intermediaries and constantly reassess our product range in the light of their needs.
“We think our core range is sure to please our intermediaries as well as benefit our customers. We constantly strive to keep our products at the top end of the market and we're sure that our core range will continue to be successful throughout the rest of this year and beyond.”