Shawbrook has launched additions to its Premier Plus range increasing loan to values up to 85% for prime borrowers.

The Bank is offering flexible terms from three to 25 years with the facility to make penalty-free monthly or lump sum overpayments and an early repayment notice period of 28 days with a £195 fee so clients can pay down or pay off the loan at any time.

Maeve Ward, head of sales for secured lending, said: “We have big plans for 2013 and will continue to introduce new and competitive products to open up the market and bring more choice to the customer. As a highly capitalised lender we can achieve our growth plans to drive the market and help new clients.”

Ward said its broker partners had played a big part in shaping its new products and this relationship will continue as the Bank continued to develop its range.