Prestige simplifies Prime and Large Loan ranges
Prestige Finance, part of OneSavings Bank plc, has today announced simplified Prime and Large Loan ranges, including reduced rates and fewer LTV bands.
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The simplified Prime range, with 5 products, now offers variable rates from 5.29% and fixed rates from 5.59%.
Entry LTV is now available from 65% LTV, while the 80% LTV rate is down more than 2% at 6.99%.
Large Loan variable rates are available from 5.55%, with fixed rates from 5.85%.
Its 65% LTV rate loan is down almost 2%, now from 5.55%, and loans up to 75% LTV are now available from 6.25%.
Darrell Walker, Head of Product & New Business, Prestige Finance, said:
“After listening to our partners we have been very keen to simplify and increase the competitiveness of our Prime and Large Loan proposition. These changes, added to our flexible and proven approach to ‘Big Ticket’ underwriting, create one of the most comprehensive second charge lending propositions in the market.
“It’s been quite a month for Prestige. We have not only delivered our new range of Buy-to-let products but have increased the competitiveness of our Prime and Large Loan products.“
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