Prestige launches consumer BTL deals and trims rates

arrow down houses graphPrestige 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.”