Joint managing directors announced

John Webster joined Preferred in June 2000 with a mandate to grow the business. Since then he has led a complete overhaul of Preferred’s products and distribution strategy, which has resulted in the Company achieving record levels of lending.

George Patellis started at Preferred in the very early days of the company. After a spell in Australia in 2000, he returned in early 2001 and has been responsible for crafting Preferred’s credit culture, its service ethos and - overseeing the marketing of Preferred’s securitisation programme.

Patellis and Webster said "We are extremely excited about the future of Preferred Mortgages. The business has grown at a phenomenal pace and we will be looking to continue this. With our combined experience, we are confident of being able to further build Preferred Mortgages' position in the industry."