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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.


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 […]

Brokers shy away from equity deals

Smaller brokers are shying away from the equity release market following the Financial Services Authority’s mystery shopping exercise into the sector, a leading industry figure claims. Dean Mirfin, business development director at Key Retirement Solutions, makes the claim in this week’s Mortgage Strategy cover feature. This comes in the wake of the FSA’s investigation that […]

Scarborough Building Society Apple giveaway

The Scarborough is building on the success of its recent Plasma TV giveaway with another industry first; this time an Apple iMac G5 package.The UKs second oldest building society is offering a state-of-the-art family computer package with its limited issue MortgagePlus Five-year Flexible Fixed and Five-year Flexible Base Rate Tracker mortgages.From September 28 until October […]

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Guide: Johnson Fleming produces auto-enrolment checklist

For a job as big as managing the auto-enrolment changes, it’s important to know what has been completed and what still lies in front of you to give you the reassurance that everything is in hand. Getting the planning and project management right at the outset can help you see the path ahead and ensure everyone knows their roles and responsibilities. To help with this, Johnson Fleming has produced a checklist outlining every step that needs to be taken when preparing for auto-enrolment.


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