Preferred Mortgages

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... I do not own this product, but work to remortgage Preferred Mortgages loans on a semi-regular basis, and work with their parent company Capstone Mortgage Services a little more often. Unfortunately both Preferred Mortgages and Capstone Mortgage Services are quite notorious in my company, ... Read review

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Community Level 2heavenlie

heavenlie

A mortgage for life, whether you choose it or not.

AdvantagesAlways extremely accurate with figures

DisadvantagesDrag their heeks when you wish to move lender

"...product, but work to remortgage Preferred Mortgages loans on a semi-regular basis, and work with their parent company Capstone Mortgage Services a little more often. Unfortunately both Preferred Mortgages and Capstone Mortgage Services are quite notorious in my company, but not for many reasons. I cannot speculate on their rate or fees as it is much easier to note these down with the more common mortgage providers, but Preferred Mortgages is worth ..." Read review
28.08.2007

Ciao members have rated this review on average: very helpful

Community Level 3iloveshoping

iloveshoping

Preferred Mortgages - Not for everyone!

AdvantagesAccept most people for mortgage, accept part ownership buyers

DisadvantagesHigher interest rate

"...We got this of Preferred Mortgages, who were very willing to help us. Mortgages are very hard to complete at the best of times, but part ownership is even more difficult, as you you will see below. We seemed to hit every problem imaginable! *MORTGAGE* The rates are variable, well that is what we are on anyway, ie if interest rate goes up, mortgage rate goes up. Obviously all persons are diferent, it would be impossible to state different interest ..." Read review
13.04.2005

Ciao members have rated this review on average: very helpful

Community Level 1Ricky72

Quick review of Preferred Mortgages

"Preferred Mortgages... pah After suffering illness we fell behind. so we decided to sell the house. They took me to court even though I had received an offer for the property and I had told them this ! Court ruled for an adjournment, but Preferred didn't like it and took an exorbitant amount from our sales total Avoid like the plague... they don't listen to you even though your ill ! Crooks!
05.06.2007

Ciao members have rated this review on average: helpful

Community Level 1lynsey1978

lynsey1978

I Need to remortgage before I go Bald....

AdvantagesGood if you have bad credit and need a remortgage

DisadvantagesHigh Interest Rates, Only one mortgage product.

"...to be too picky. Dealing with preferred mortgaes is very pricy, the whole thing including solicitors fees cost in the region of £ 1800.00 to remortgage but this covered everything, survey fees, coal searches etc. The whole process took approx. 6 weeks from start to finish. The staff were friendley and they kept us informed every step of the way. The interest rate we paid was 6.75%. 4.5& above LIBOR. It suited us as we were able to remortgage ..." Read review
05.08.2005

Ciao members have rated this review on average: helpful

Community Level 1lalaloren

lalaloren

Preferred/Capstone Mortgages

AdvantagesNONE

DisadvantagesMany

"I had been with Preferred Mortgages for a couple of years and suddenly began to receive letters from Capstone Mortgages about my account - they were saying I was in arrears by one month. I continually called them to find out about it, because I knew that my mortgage left my bank account the day after I was paid and that there was no way that I could be behind. The call centre staff had really a really bad attitude towards me when I called and I have ..." Read review
02.06.2008

Ciao members have rated this review on average: helpful

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