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Prestige Finance launches first prime secured loan range

Prestige Finance has launched its first ever prime secured loan range.

The new products, which are available via a number of specialist distributors, are targeted at both employed and self-employed borrowers.

Rate start from 6.75 per cent up to 70 per cent LTV for both employed and self employed borrowers, with a maximum loan size of £60,000.

Prestige Finance director Simon Stern says: “Our key priority is to offer a great proposition and build on the excellent reputation Prestige has built with key partners and grow long term relationships. Prestige has a very experienced team, and together we will work to deliver products brokers can sell as well as providing excellent service.”

Loans Warehouse managing director Matt Tristram says: “I have personally worked with the team at Prestige Finance since 2002 and as a broker we have been eagerly awaiting the new product launch since the lender was acquired by OneSavings Bank last year.  We have not been disappointed, as their new lending rates look to challenge those of the market leaders Shawbrook Bank and Nemo Personal Finance.“

The firm was formerly known as Sheldon and Stern and rebranded as Prestige Finance in 2002. Initially established as a loans management company, the business has always specialised in secured loans. One Savings Bank’s acquired Prestige Finance in September 2012.


Gang jailed over £35.8m land banking fraud

Four men been jailed for up to seven years each for defrauding over 400 investors out of £35.8m in what is said to be the biggest land banking scam to come to court.

Aldermore Bank relaxes criteria

Aldermore has relaxed its lending criteria and will now allow family members to gift full deposits. The lender will now allow close or step relatives to contribute the full deposit on a property for residential and buy-to-let mortgages. Applicants were previously required to contribute at least 5 per cent of the mortgage towards the deposit. […]

China tech and Global Alpha: a new great leap forward

By Robin Geffen, Fund Manager and CEO

Internet giant Alibaba is exactly the type of entrepreneurial company that the high-conviction, top-performing Neptune Global Alpha Fund seeks to invest in. Established just 14 years ago in an apartment in Hangzhou, today Alibaba is larger than Amazon and eBay put together and is challenging some of the most powerful internet companies in the world…

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