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Preferred updates range

Preferred Mortgages is relaunching its core range, with changes including a cut in rates by up to 0.35% and an increase in discounts by up to 0.50%.

Other enhancements include a one-year discount extended until January 1 2006 on all products and a two-year discount extended until January 1 2007 on near-prime.

It is also offering enhanced and simplified credit terms on light adverse which are available for borrowers with up to £4,000-worth of CCJs and two arrears on mid-adverse for those with up to £10,000 CCJs and four arrears.

John Webster, managing director of Preferred, says: “We value broker feedback and constantly reassess our product range in the light of their needs. Our new core range will please our intermediaries as well as benefit our customers.

“We strive to keep our products at the top end of the market and are sure this range will be successful throughout this year and beyond.”

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