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Preferred loan covers minor credit problems

Non-confirming mortgage lender Preferred Mortgages is offering its Near Prime product, targeting customers with minor credit problems.

The product aims to bridge the gap between Preferred&#39s existing non-conforming products and products available on the high street. The range of products provides solutions for customers with varying credit problems and offers rates from 4.59 per cent until October 1, 2005 and 4.99 per cent until October 1, 2006.

Business development director John Webster says: “Our product offers an alternative for customers who, despite having only minor credit problems, find it difficult obtaining a mortgage from a high-street lender.

“It is understandable that customers with minor credit problems do not want to pay the rates associated with heavier adverse products and why should they? With this in mind, we have developed a product more in tune with customer needs and the changing economic environment.”


Correspondent&#39s week

Monday is jobs&#39 day. By that, I mean that the day has been set aside in my diary as time to discuss, commission and edit features and news articles to appear in the work section of Jobs & Money. It is not personal finance although it has lots of cross-over with the money section and […]

Positive steps

Traditionally, when a protection provider receives a valid life insurance claim, they pay a cash benefit to the family of the deceased. The aim is to help to solve any financial problems caused by the death. But cash is usually all that the cover provides. Critical-illness products pay a cash amount to help solve any […]

Ailo move over cash laundering standards

The Association of International Life Offices is planning to set up minimum standards on anti-money-laundering measures to stop competition on compliance between members. Ailo says the new standards are designed to protect against the reputational risk to the offshore industry of members competing on the basis of which jurisdiction or provider has the lightest-touch anti-money […]


“No. There should be guidelines to stop people charging extortionate rates but it should be left to the IFA to decide.”Graham Tomlinson, FSC Investment Services “No. As long as the FSA is receiving its fees, what concern is it of theirs what IFAs are charging? I am stunned and gobsmacked by this.”David Meakin, David Meakin […]

Graphic content – December; the countries most exposed to a rise in protectionism

President-elect Trump has suggested withdrawing from the North American Free Trade Agreement (NAFTA) and ending negotiations over the Trans-Pacific Partnership (TPP), albeit there is considerable uncertainty over what he will, or even can, do. If one of the main consequences of the election of Donald Trump is US protectionism, it’s worth considering who stands to […]


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