Prestige Finance has introduced a 90% loan-to-value tier to its prime residential product range.

The second charge lender’s 90% LTV prime rates start from 9.90%.

The lender has also cut rates on its near prime range, with products starting from 4.9%, variable rates from 5.75% and it also launched a 5-year fix at 6.10%.

Darrell Walker, head of sales, second charge & commercial lending, OneSavings Bank, parent of Prestige Finance, said: “These market leading rate reductions have been introduced following feedback from our brokers.

“The changes we’ve made are a testament to our broker centric philosophy that enables us to react to market needs and evolve our specialist second charge mortgage range.”