Key changes include a reduction of credit score to 350 on prime and large loan plans whilst a range of near prime plans have seen a number of rate reductions.
Darrell Walker, head of product and new business at Prestige Finance, said, “These enhancements reflect the determination of Prestige Finance, and the OneSavings Bank group, to play a significant part in the sustained growth of the Second Charge Lending market.
“Using our own in-house expertise we’ve enhanced our proposition to intermediary partners, to enable them to take advantage of improving conditions in the second charge lending market.
“The new changes to both our pricing and lending criteria will help our intermediary partners support their customers and create additional opportunities.”
