Second charge lender Prestige Finance, part of OneSavings Bank, has reduced rates across its prime residential product range.

Highlights of the changes include: variable rates from 3.89% and 5-year fixed-rates from 4.39%.

Darrell Walker, head of sales second charge & commercial lending, OneSavings Bank, said: “We’ve been very keen to increase the competiveness of our prime range in 2018 which confirms our continued support for second charge lending.”

Prestige Finance offers a range of second charge products to both prime and non-prime applicants.