Preferred announces two-year fixed range and a Spring discount

TWO YEAR FIXED RATES

The two year fixed rates start from just 5.79% on Near Prime and are fixed until 1st May 2007.

Competitively set, the rates are available across the range from Near Prime to Unlimited Adverse.

Additional features of the fixed rates:

zåavailable up to 90% LTV on Purchase, Remortgage, Verified and Self Certification products

zåavailable up to 85% LTV on Right to Buy and Buy to Let products

zÃ¥loans available up to £1 million

ADDITIONAL DISCOUNT

An additional 0.25% discount available on Extra Light, Light, Mid and Unlimited products.

Features of the discount include:

zåloans of up to 75% LTV now offer a 2% discount until 1/3/2006

zåloans over 75% LTV now offer a 1.75% discount until 1/3/2006

zårates start at just 5.26% (based on libor at 4.86%)

John Webster, Managing Director, said: ‘We are pleased to be launching our new two year fixed

products at such competitive rates. Together with the additional discount, I think we’re offering

intermediaries an excellent all round package. We experienced a 38% increase in lending in 2004 and

aim to build on this in 2005. At Preferred, we actively listen to the market and respond to its needs,

and these new rates reflect that.’