Prestige Finance has brought in a 90 per cent LTV tier for its prime residential product range.
Rates for the new tier are available from 9.9 per cent.
The OneSavings Bank arm has also cut rates on its entire near prime range.
Rates on the range have been trimmed by up to 4.9 per cent.
Variable rates are available from 5.75 per cent and rates on a new five-year fix start from 6.10 per cent.
OneSavings Bank head of sales second charge & commercial lending Darrell Walker says: “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.”