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Quick reviews (5)

1-12 of 12 reviews Show most helpful reviews first Newest first

 

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

Community Level 1Hevann

Hevann

CAPSTONE/PREFERRED MORTGAGES

AdvantagesNONE

DisadvantagesPOOR CUSTOMER SERVICES/UNABLE TO FIND PROOF OF CUSTOMER PAYMENTS

"Unfortunately we have a mortgage with Preferred/Capstone, and we certainly would not recommend them to anyone. Several months ago we began receiving letters and phonecalls from them stating that we were behind in our mortgage and that they were taking further action. We sent proof from our bank on several occasions that we had indeed made our payments on time, but these were ignored. We have been trying to change lender and had the opportunity in ..." Read review
20.05.2008

Ciao members have rated this review on average: helpful

Community Level 1vanessa79

vanessa79

my experience with preferred

Advantagescan help most people get a mortgage

Disadvantagesa little more costly

"...me to tell me about preferred mortgages and said he had spoken to them and in my circumstances they would most likely offer me one, and a 2 year fixed rate with a free survey, and my tax credits wouldn't be a problem and a rate of 5.1% which was far by the best so far so far but their fee would be £795 which was a little higher than i anticipated, but was less than some other companys, so i went ahead and my fee to ac finance was £300 + my solicitors ..." Read review
02.01.2007

Ciao members have rated this review on average: helpful

Community Level 1andycar

Quick review of Preferred Mortgages

"I took out a mortgage with preferred some 18 months ago as i was in financial problems, They were very upfront about fees and why they were high. I had a problem where i did not have enough funds to pay a months payments and when i called them they let me spread this payment over 3 months to help out. I found them more than helpfull as they have been fine with me up to this time. As i found my self in a problem in the start they would have been only one of a few lenders who would help. I have always had excellent customer service from their call center staff with a letter confirming the outcome.
31.08.2008

Ciao members have rated this review on average: helpful

Community Level 1karlanders...

Quick review of Preferred Mortgages

"i bought my ex council house with preferred morgages and i can honestly say that the APR rate is way too high there for im gona remorgage my property for a much better suited rate which im gona save over £200 month and thats for a repayment based not interest which im on now.thanks for nothing preferred so there for im gona get the hell out ov there.
17.01.2008

Ciao members have rated this review on average: helpful

Community Level 1hvanessahrrs

hvanessahrrs

Preferred Mortgages wanting to settle my mortgage early

Advantagesok if you cant get a mortgages anywhere else

Disadvantagescant decide who they actually are capstone or preferred

"We have been with Preferred Mortgages for a little over 2 years now and sine then we have had numerous letters stateing that Capstone will now be handling the account. (Even though Preferred Mortgages have not gone into liquidation as the impression has been given). I am really concerned about a letter that we received asking us to settle our mortgage early and if we did this in the next 6 month they would give us a discount of 12k off our mortgage, ..." Read review
29.03.2010

Ciao members have rated this review on average: somewhat helpful

Community Level 0Ulsterblue

Quick review of Preferred Mortgages

"Very similar story I am afraid, although mortgage is only 40k. Incorrect info on experian is making move to another lender almost impossible. I used this company to repair credit and was reasonably happy. My discounted 2 year term is almost up and I dread the increase above LIBBOR.
08.09.2008

Ciao members have rated this review on average: somewhat helpful

Community Level 0dudley2009

Quick review of Preferred Mortgages

"get everything out of the house, strip it beear, and let the miserable ***** have it back. stop paying mortgage, stop paying insurance, just let it go and become bamkrupt. then start again. PERFERRED ARE A BUNCH OF COWBOYS WHOS COMPANY IS FAILING SO THEY ARE DESPERATE AND WILL DO ANYTHING LEGAL OR ILLEGAL YOU HAVE BEEN WARNED
07.01.2009

Ciao members have rated this review on average: somewhat helpful



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