Prestige Finance has unveiled a new 90% LTV tier for its prime residential product range and its lowest ever rates for the near prime range.
New prime rates from the second charge lender, which is part of OneSavings Bank plc, include 90% loan to value (LTV) rates from 9.90%.
On the near prime side, all product rates have been reduced by up to 4.9%, with variable rates available from 5.75% and a new five-year fixed rate available from 6.10%.
Darrell Walker (pictured), head of sales, second charge and commercial lending at OneSavings Bank, said: “These market leading rate reductions have been introduced following feedback from our brokers.
“The changes we’ve made are a testament to our broker centric philosophy that enables us to react to market needs and evolve our specialist second charge mortgage range.”