Preferred will continue as a separate and standalone mortgage business and continue to use the Preferred name but with Lehman Brothers' support the company will be able to build on the success it has already achieved.
Lehman Brothers is recognised as an innovator in global finance, serving the financial needs of corporations, governments, institutional clients, and high-net-worth individuals worldwide. Their purchase of Preferred is part of their strategy to increase their share in the UK mortgage market, following their successful acquisition of SPML last year.
SPML and Preferred are complementary businesses and will continue as separate brands.
Preferred management and staff will continue to provide their clients with products and services and will launch new initiatives
throughout the coming year.
