On its prime range Prestige has launched variable rates at 4.68% to 65% loan-to-value and from 9.14% to 85% LTV.
On Prestige’s large loan range variable rates are 5.50% to 65% LTV and 5.95% to 75% LTV. Its 2-year fixed rates start from 5.80% to 65% LTV and 6.25% to 75% LTV, while 3-year fixes start from 6.00% to 65% LTV and from 6.45% to 75% LTV.
Darrell Walker, head of product & new business, Prestige Finance, said, “We’re delighted to introduce these rate reductions and add further value for our key partners and their customers by increasing the attractiveness and competitiveness of our Prime and Large Loan propositions.
“Combined with our flexible and proven approach to underwriting, our second charge lending proposition is one of the most comprehensive in the market and one that demonstrates both our confidence, and that of our parent group OneSavings Bank in the second charge lending market.”
