Among the highlights are a two-year tracker from 5.93 per cent and at higher loan-to-values (LTVs), the self-certification loading has been reduced. These offerings are launched alongside other developments in the core product range, including important updates to buy-to-let products.
Details of the range include the following:
• Two-year tracker from 5.93 per cent (subject to LIBOR at 5.53 per cent)
• Fixed rates from 5.49 per cent
• Self-certification loading reduced at higher LTVs
• Rates available with no extended tie-in, subject to one month's written notice (or subject to 1 per cent of the outstanding mortgage balance)
• Buy-to-let 110 per cent rental cover based on initial pay rate on all products
• Right-to-buy remortgage allowed within the pre-emption period
• End dates extended across the range
Shaun I’Anson, head of sales at Preferred, commented: “We are delighted to be launching a new range of products which present intermediaries and consumers with attractive deals, including the two-year tracker. Reduced self-certification loading at higher loan-to-value ratios also gives the consumer even better value. In addition, the updated core product range provides intermediaries with increased choice, illustrating Preferred’s continued commitment to meeting the needs of its intermediaries and their customers in a changing market.”
