EXCLUSIVE: Spring Finance expands second charge proposition

Specialist lender, Spring Finance, has announced a series of enhancements to its second charge product range.

The enhancements include a new lifetime tracker product, a two-year fixed rate and a buy-to-let plan.

In addition, the lender has simplified its eligibility criteria, making it easier to place business, as well as improving its terms for hometrack and driveby valuations.

Shelley Stern, director of mortgages at Spring, commented: “This is an exciting period of growth at Spring and we believe these changes will significantly improve our proposition to both our intermediary partners and consumers.

"These changes follow recent improvements made to our application requirements and further reflects our ongoing commitment to simplify the application process and enhance our service.”

Andrew Bloom, CEO, added: “We are delighted to release these changes at a time when our intermediaries and consumers are facing a number of challenges. The enhancements affirm our commitment to growth and continuing support of the industry.”