New directors at Preferred

Taylor,formerly head of sales,has been promoted to director of sales and marketing,and Nigel Ingram,formerly chief

operating officer has been appointed director of operations,both with immediate effect.

John Webster, joint managing director has decided to leave the company to pursue other opportunities,while George Patellis, joint managing director will leave later this year to return to America with his family.

Nigel Ingram and Roger Taylor commented: "We are looking forward to building on the success that Preferred has experienced under John and George ’s leadership; we wish

them both all the best for the future."

Roger Taylor has worked in the mortgage industry for over 35 years, and was one of four founders of Preferred nearly 10 years ago. Since then he has held several sales roles at the company and for the past two years has been head of sales. Prior to Preferred, Roger worked for Ashdown Commercial Limited for seven years and at a credit finance company on the South coast for 16 years.

Nigel Ingram joined Preferred as chief operating officer at the

beginning of 2005; he has already been instrumental in shaping the company ’s plans for future growth. His previous experience includes roles at Portman, KPMG Consulting, Mastercard, PA Consulting and eight years at Natwest.

Roger Taylor said: "This is an exciting time for Preferred; we have experienced huge growth over the past few years and expect to increase our competitive advantage in the coming months. We recently launched our new Core Range and Fixed Rates, with our most competitive criteria and rates yet, to a

fantastic response from the market. We value our relationships with our intermediaries and will continue to provide them with added value through events such as the TCF seminars we are

currently running and our annual Quality Circle feedback sessions."

Taylor continued: "I am very proud to have been associated with Preferred since its launch and , together with Nigel, I ’m delighted to be leading the company into its tenth year of business."