Preferred repositions its core range

Preferred today announced the significant repositioning of its core range with reduced rates, increased discounts and the introduction of new criteria resulting in a dynamic range of products.

John Webster, managing director of Preferred, says:”We have completely reinvented our Core Range following ongoing feedback from intermediaries.

“The simplified product structure combined with the flexible either oroption on our Unlimited range, rolling discount dates and reduced rates help to better serve the needs of the customer.”

Key highlights of the Core Range include discounted rates from 4.33% with rates cut across the entire range.

There is a 2% discount for one year from the date of completion across the entire range, and three year s discount with no extended tie-in (subject to one month’s written notice).

Right to Buy and buy-to-let are discounted rates from 4.83%, and near prime now available up to 95% LTV.

There is a choice of simplified discounts across the range, as well as simplified maximum loan offering.

Webster says:”This is a significant leap forward for Preferred and further proof that we listen to our intermediaries and act on their feedback -I’m confident they will be delighted with the repositioning of our product range.”