Prestige launches sub-6% plan to target prime clients

The new plan, which is available up to £100,000 and an LTV of 65%, has a 5.60% rate and is aimed at prime clients looking for an attractive alternative to remortgaging when wishing to raise capital.

According to Director, Simon Stern, the product enhancements are part of an evolutionary strategy that governs the way in which Prestige introduced, developed and continues to refine its offering to brokers.

He said:

"We rely on solid and considered feedback from our introducer partners and along with our own research we have simply extended our reach in terms of the prime sector we want to target. We have always maintained a very simple product matrix that our brokers appreciate and we continue to make it as easy as possible to do business with us.

"On top of this major product enhancement, we had become aware of the pressure on our overworked valuer panel and are delighted to announce an expansion to our valuer panel, which can be accessed via Pure Panel Management. I am sure this move will be welcomed by our introducers. Listening to the needs of our partners has been a major factor in our development as a lender and we look forward to delivering more positive enhancements as the year progresses."