Prestige Finance the second charge mortgage arm of OneSavings Bank has reduced rates across its residential range and introduced new consumer buy-to-let deals.
In the prime and large loan range, new rates start from 4.15 per cent at 65 per cent LTV.
In the buy-to-let range, new rates start from 5.49 per cent at 60 per cent LTV.
OneSavings Bank head of sales for second charge and commercial lending Darrell Walker says: “Whether simplifying or expanding our range to meet the needs of brokers and their customers, we’re always looking for ways to enhance Prestige’s offering.
“These rate cuts are a testament to that commitment and the simplification to a single pricing option will also make things more straightforward for brokers.
“Consumer buy-to-let makes up a growing element of the second charge loan market, and we know it’s something brokers have been keen for Prestige to provide.”