Preferred launches two-year fixed rates

Preferred has launched their extremely competitive two-year fixed rate products on the first day of Mortgage Business Expo in Manchester.

With rates starting at 5.79 per cent verified and 6.04 per cent self-certification on near rime,Preferred ’s new fixed

rates are among the top 3 products featured on Trigold.*

Key features:

Rates starting from just 5.79%verified and 6.04%self certification on near prime rates are fixed until 1st August 2007

Available across the complete range from near prime to Unlimited

Available up to 90%LTV Purchase,Remortgage and Self Certification

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

Completion fee and Higher Lending Charge can be added to the mortgage up to 95%LTV

Mortgages available up to £1 million

John Webster,Managing Director,says:‘Our previous 2 Year Fixed Rates proved very popular so we ’re pleased to be offering intermediaries and mortgage customers such competitive terms with these new products.’

The announcement of the new 2 Year Fixed Rates comes just two months after the successful launch of Preferred ’s first 3 Year Fixed Rate products.

Webster concludes:‘We are continually working on new products to best meet our customer ’s needs.As well as the 2 Year Fixed Rates,we are also announcing the extension of the discounts on our Core Range,and I ’m certain that intermediaries will welcome these new developments.’