Prestige Finance cuts Near Prime rates by up to 4.9%
Prestige Finance, part of OneSavings Bank, has introduced a new 90% LTV tier for its Prime residential product range as well as its lowest ever Near Prime rates.
New Prime residential rates are available from 9.90% at 90% LTV.
All Near Prime product rates have been reduced, some by as much as 4.9%, with variable rates available from 5.75% and new five-year fixed rates available from 6.10%.
Darrell Walker, Head of Sales Second Charge & Commercial Lending at OneSavings Bank, commented: “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.”
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