Step One Finance has made positive changes to its second charge loans proposition.
The maximum loan to value (LTV) for residential properties has increased from 85% to 95% and from 80% to 85% for buy-to-let properties.
In addition, the maximum loan size for buy-to-let properties increases from 100k to 150k.
Step One Finance has also confirmed that all customers who have recently been quoted but not yet completed their loan can also benefit from those changes.
The lender recently reduced its second charge mortgage rates.
Martin Porter, head of lending at Step One Finance, said: “These product improvements continue to expand our product offering enabling our broker partners to help and serve even more customers.”