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Preferred Mortgages relaunches core range

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&#39s 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: &#39We 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&#39re sure that our core range will continue to be successful throughout the rest of this year and beyond.”


2004 boom year for membership, says NAEA

The NAEA&#39s membership now totals nearly 10,000 estate agents across the UK and shows that agents on the whole are committed to raising standards within the industry. The NAEA have had a significant year with the Office of Fair Trading&#39s long-awaited report into estate agency, the continuing developments on the Housing Bill and the launch […]

No housing market crash, says NAEA

Peter Bolton King, chief executive of the NAEA, says: “For a number of good reasons we believe the IMF is needlessly flying a kite and scaring homeowners. They cite increasing interest rates as a reason for precipitating a crash. But opinion is that if rates go up at all it will be by just 0.25% […]

Icon Finance under fire for failing to pay fees on time

Icon finance has come under fire for failing to pay fees on time. One broker claims the Hampshire-based packager has delayed paying out £25,000 in proc fees. Icon Finance was previously known as Non-Status Mortgage Company, based in Surrey, but changed its name in April this year. One broker, who wishes to remain anonymous, took […]

TBMC receives authorisation from FSA

Ian Wheadon, TBMC director, says: “whilst buy-to-let and commercial mortgages remain predominantly outside of the regulatory parameters, we wanted to ensure that we were in total control of our advertising and marketing activity with reference to MCOB3. “We also wanted to be in a position to cover every eventuality within our specialist market sector to […]

Artemis Investments’ Outlook for 2016

Political change and the ‘normalisation’ of interest rates mean 2016 is likely to be another interesting year. But what will it bring for equities – and bonds? Here, a number of Artemis’ managers share their views. Click here to read the full article


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