Preferred Mortgage Reviews

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1.8 stars
Average rating for this product is: 1.8 out of 5

From 0 ratings and 9 reviews

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NameProduct TypeDiscount LengthSubsequent RateOverall Cost  
WoolwichStep Lifetime Tracker1 year(Base+ 2.49%) currently 2.99%3.00% APR
AbbeyTracker2 year4.24%4.10% APR
WoolwichOffset TrackerTerm(Base+ 2.47%) currently 2.97%3.10% APR

Average Ratings for Preferred Mortgage

  • Value for Money1.6 stars
  • Overall rating1.8 stars

9 Reviews For Preferred Mortgage

  • jason allen 10th Dec 2008

    Reviewer rating: 4 stars


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    Got into diffs and preferred gave me a mortgage at a reasonable rate 5.6% with a two year tie - in. Good company. 6 months left to go and no problems with the company at all. Would highly recommend to anyone suffering the stress of possibly losing their home!

  • Guest 20th Apr 2008

    Reviewer rating: 3.5 stars


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    Preferred Mortgage has been fair with us when we fell behind with payments recently. Gave us opportunity to pay without threats of repossession. They gave us a chance when no-one else would, so can't complain. Beggars can't be choosers!

  • Guest 4th Apr 2008

    Reviewer rating: 1 stars


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    Unfortunately if you have bad credit you have to go with some one like Preferred Mortgage in the interim. I have to say they are the worst mortgage company I EVER come across!!!!!!! Over extortionate rates I was tied in for 3 years but only had a 1 year fixed rate in which time my mortgage went up nearly £500...yes £500 pounds a month. I managed to find a property I liked 3 months before my tie in period was over and had to pay 15,000+ to get out of their tie in. Did not care thoug ...

  • Damien7 29th Mar 2008

    Reviewer rating: 0.5 stars


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    Preferred are without doubt one of the worst Companies I have ever had the misfortune to deal with. They gave my mother a mortgage at an extortionate interest rate. They were charging her the incorrect amount from the start of the deal and last year they added a substantial sum to the mortgage which she never asked for, it didn't show up on statements, they didn't tell her they were doing it and all the time she has been paying interest on a much much larger figure. She asked to be be moved to a ...

  • Guest 10th Mar 2008

    Reviewer rating: 2.5 stars


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    They got me a mortgage when no one else would touch me .....i went with a fixed rate for two years ,to get out of there mortgage before 2 years was absolutely extortionate ( '£10000),BUT HEY THAT'S WHAT YOU HAVE TO DO IF YOU HAVE BAD CREDIT HEY !!!!!!!

  • peevedoff Rank: Lance Corporal 9th Feb 2008

    Reviewer rating: 0 stars


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    In 10 months Preferred Mortgage have made mistakes with 9 payments!
    Every month we spend an hour or so on the phone to them having to tell them what they need to do!
    Seem to have no idea what they're doing and making our life a nightmare.

  • Kate04 20th Nov 2007

    Reviewer rating: 0 stars


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    7 Months down the line, My mortgage is still not complete!!
    They originally arranged the mortgage for the wrong amount and then after waiting three months for a re-written offer advised that the interest rate would now be higher!
    After going back to the original offer, they keep asking for info from the solicitor which after the solicitor sending through to them over and over again they still say they havn't received it.
    The mortgage advisor's in their office havn't a clue what is going on, t ...

  • peevedoff Rank: Lance Corporal 30th Aug 2007

    Reviewer rating: 0 stars


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    Maybe okay if you're desperate otherwise avoid! After only 3 months Preferred Mortgage have managed to make mistakes with my payments for 2 of those months

  • dbarratt Rank: Corporal 20th Aug 2007

    Reviewer rating: 5 stars


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    Very good company to deal with. Friendly & informative staff who have great knowledge of the products they offer.