Preferred’s core range revamped

Preferred has repositioned its core range with reduced rates, increased discounts and new criteria.

The company says the changes will make its range more competitive in the sub-prime sector, with rates starting at 4.33%.

John Webster, managing director of Preferred, says: “We have reinvented our core range following feedback from intermediaries. The simplified product structure combined with the flexible ‘either or’ option on our Unlimited range, rolling discount dates and reduced rates help to better serve the needs of the customer.”

Highlights of the range are a 2% discount for one year from the date of completion across the entire range and three-year discounts with no extended tie-in subject to one month’s written notice. Right to Buy and buy-to-let discounted rates start from 4.83% and there is a simplified maximum loan offering.