Preferred enhances shared ownership offering

The products, which open up the government's shared ownership schemes to individuals with adverse credit, cater for a wide range of schemes including those for key workers.

Range highlights include:

• Fixed and discounted rates available
• Near-prime to extra light adverse levels
• 25 per cent to 75 per cent shares now available
• Up to 100 per cent LTV on purchases and remortgages
• Wider range of schemes including key workers
• Capital raising for debt consolidation and home improvement available (subject to Registered Social Landlord / Housing Association approval)

Roger Taylor, director of sales & marketing at Preferred, said: “Barely a day goes by without a news story saying how difficult it is for first-time buyers to step on to the property ladder. Shared ownership schemes give individuals the chance to make that step. Preferred has been offering shared ownership products in the non-conforming market since 2002, and we're pleased to mark our five year anniversary in this specialist sector with the launch of our most competitive shared ownership products yet.”