In addition to non-conforming mortgages, Preferred Mortgages Ltd offers a range of fixed and discounted mortgages across all niche areas including self-cert, buy to let and right to buy. Pink will also be packaging Preferred’s shared ownership products on a semi-exclusive basis.
Benefits of using Preferred’s products include flexible lending criteria, quick decisions and turnaround on cases.
Tony Jones, managing director, Pink Home Loans commented, “The addition of Preferred to Pink’s packaged lender panel means that introducers will have access to a lender with many years experience in non-conforming lending, a culture of saying yes whenever possible and flexibility in their lending decisions. Intermediaries will also benefit from Pink having an on-site Preferred underwriter, which means that decisions can be made quickly and cases progressed promptly”.
Graham Shingles, National Sales Manager at Preferred says: “Pink Home Loans is one of the leading mortgage distribution and packaging companies, so we are delighted to be joining their panel. Both Pink and Preferred are service driven, and the presence of our in-house underwriter will benefit our customers even further. Preferred have had a relationship with Pink for many years and we now look forward to working more closely together and moving the businesses forward.”
Pink is currently in the process of negotiating exclusive products with Preferred which will be available in the first quarter of 2006.
