Mortgages plc appointed by Openwork

Pete Thomson, sales director at Mortgages plc, said: “We are delighted to be appointed to Openwork’s panel. We are looking forward to building a productive working relationship with Openwork and its members over the coming months.”

PMPA announces Preferred cashback offer

The Professional Mortgage Packagers Alliance (PMPA) has announced a £350 cashback to customers on Preferred’s two- and three-year fixed deals.

The offer is available exclusively through its member firms. Two-year fixes start at 5.14 per cent and three-year fixes start at 5.59 per cent. Early repayment charges of 6 per cent of the outstanding balance apply during the fixed period, reverting to 1 per cent or one month’s written notice.