Non-conforming borrowers will be able to benefit from rates starting at 5.49%, fixed until 31 October 2003. The range is available to all customers that do not meet conventional high street lending criteria and offer up to 85% LTV to customers with any level of adverse credit.
Commenting on the products, Simon Biddle, marketing development manager for Preferred Mortgages, stated: “Our new fixed rate products offer some of the lowest available rates to credit impaired borrowers and perfectly complement Preferred’s innovative and easy to understand range.”
