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Preferred range for non-conformers

Preferred Mortgages has launched a new range of mortgages for non-conforming borrowers, including the self-employed.

It says the new products are intended to simplify the process for intermediaries and their clients.

Preferred claims most sub-prime lenders price by loan to value or the customer&#39s credit history but it now offer rates taking both into accounts.

Its maximum mortgage has been raised to £750,000, rates start at 5.25 per cent and it has introduced three definitions of adverse credit of light, mid and unlimited.

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