Specialist mortgage lender, Preferred Mortgages, has launched a new product range to replace it...
Specialist mortgage lender, Preferred Mortgages, has launched a new product range to replace its existing one.
The group is offering lending rates that take into account both loan to value and a customer's credit history rather than one or the other, which it says most subprime lenders propose.
A new 'easier to read' product guide has been published and a discount of 1.25% is available for the entire product range until March 2003.
The range includes a new self employed plus income verification option which allows a customer's accountant to confirm affordability.
Preferred's definition of adverse credit is now defined by three levels - light, mid and unlimited adverse.
Mortgages can start from 5.25% and the maximum mortgage has been raised to £750,000.
The group continues to offer a range of fixed rate products and its approach to underwriting remains the same with each case being individually underwritten.
Business received before 18 January 2001 remains on old product terms.
For further information call 01444 447750 or visit www.preferredmortgages.com.
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