Prestige has slashed the rates on its prime and large loan ranges and will now be offering its lowest ever variable and fixed rates.
Across its prime range the second charge loan specialist is offering new starting rate at 4.68% up to 65% LTV and from 9.14% up to 85% LTV.
Fixed rates now start from 4.98% up to 65% LTV and from 9.44% up to 85% LTV on a 2-year fix whilst 3-year fixed rates from 5.18% up to 65% LTV.
Cuts to the variable range see rates start at 5.50% up to 65% LTV whilst fixes start from 5.80% up to 65% LTV for 2-years and from 6.% up to 65% LTV and from 6.45% up 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.”