Preferred has relaunched its Core Range with the key changes being a reduction of rates of up to 0.35 per cent and an increase of discounts by up to 0.50 per cent on all products.
“We value the feedback of our intermediaries and constantly reassess our product range in the light of their needs,” commented John Webster, managing director of Preferred Mortgages.
PMPA have released a new three-year fixed rate buy-to-let mortgage funded by Bristol & West. It is priced at 6.19 per cent for three years and is designed to aid landlords in securing finance as interest rates rise. The product is available with a limited tranche of funds which PMPA and Bristol & West expect to sell quickly.
“Rental yields do not increase automatically in line with base rates and therefore a guaranteed pay rate is welcome news in a fluctuating market,” said Jon O’Brien, operations director of the PMPA.
Solent Mortgage Services have also released details of changes to its Trafalgar homeloans branded lending operation. It has increased income multiples, lowered rates and increased the levels of adverse credit. There is also reduced rental cover on buy-to-let, now 105 per cent with up to 90 per cent LTV.
Trafalgar also has two new 95 per cent products on Extra Light Adverse and Light Adverse.
