New rates launch from Preferred Mortgages

Amanda Jarvis

November 30, 2001

The new year one standard fixed rate starts at 6.49 per cent, and the two-year rate starts at 7.99 per cent. The scheme is available for purchasing and remortgaging with self-certification options.

New year one right to buy fixed rates have also been launched, starting at 7.49 per cent for minimum loans of £10,000.

In addition, a one-year 6.99 per cent fixed rate is now available for employed customers that require self-certification. The minimum loan is for £10,000, rising to a maximum of £200,000.

Simon Biddle, marketing communications manager, said: “The full Preferred Mortgage product range includes home purchase/remortgage, right to buy, self-employed – self-certification, buy-to-let, ex-council property and fixed rates and discounts. There is also a full range of Preferred Mortgage services such as payment protection against accident, sickness and redundancy, block buildings insurance cover and free job counselling.”

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