Prestige Finance has reduced the rates on its prime residential range and launched a consumer buy-to-let offering.

The reductions apply to all buy-to-let variable rate whilst the lender has also simplified its proposition by integrating both its professional and standard buy-to-let products into one single range.

Darrell Walker, head of sales second charge and commercial lending, OneSavings Bank, said: “Whether simplifying or expanding our range to meet the needs of brokers and their customers, we’re always looking for ways to enhance Prestige’s offering. These rate cuts are a testament to that commitment and the simplification to a single pricing option will also make things more straightforward for brokers.

“Consumer buy-to-let makes up a growing element of the second charge loan market, and we know it’s something brokers have been keen for Prestige to provide. We’re therefore launching this new proposition to not only enhance our suite of buy-to-let mortgages, but directly meet this broker feedback.”