Preferred Mortgage announces range of two-year fixed and spring discounts
TWO YEAR FIXED RATES
The two year fixed rates start from just 5.79% on Near Prime and are fixed until 1st May 2007.
Competitively set, the rates are available across the range from Near Prime to Unlimited Adverse.
Additional features of the fixed rates:
zåavailable up to 90% LTV on Purchase, Remortgage, Verified and Self Certification products
zåavailable up to 85% LTV on Right to Buy and Buy to Let products
zåloans available up to £1 million
An additional 0.25% discount available on Extra Light, Light, Mid and Unlimited products.
Features of the discount include:
zåloans of up to 75% LTV now offer a 2% discount until 1/3/2006
zåloans over 75% LTV now offer a 1.75% discount until 1/3/2006
zårates start at just 5.26% (based on libor at 4.86%)
John Webster, Managing Director, said: ‘We are pleased to be launching our new two year fixed
products at such competitive rates. Together with the additional discount, I think we’re offering
intermediaries an excellent all round package. We experienced a 38% increase in lending in 2004 and
aim to build on this in 2005. At Preferred, we actively listen to the market and respond to its needs,
and these new rates reflect that.’
* EMBARGOED UNTIL 26 JANUARY 2005 *