The new fixed rate products are available across the portfolio and include:
- A Prime 2 year fixed rate starting from 5.39% and 3 year fixed rate starting from 5.59%, both available with up to 85% LTV
- A Near Prime 2 year fixed rate starting from 9.50% and 3 year fixed rate starting from 9.70%, both available up to 75% LTV
- A Large Loan 2 year fixed rate starting from 6.60% and 3 year fixed rate starting from 6.80%, both available up to 75% LTV up to a maximum loan value of £2,500,000
In addition to the launch of the new fixed rate products, the rates for Prime plans PF2, 2A and 2B have also been reduced.
Darrell Walker, Head of Product & New Business, Prestige Finance, said:
“These new fixed rate products deliver real competitive alternatives to the variable rates that currently dominate the market. It also gives our partners further options for their customers who are seeking the peace of mind that fixed rate products can provide.”
John Eastgate, Sales & Marketing Director, OneSavings Bank, added:
“The inclusion of the new range of fixed rate products reinforces Prestige Finance’s position as a real leader in terms of product innovation, partnerships and its professional approach to the second charge market. It also uses this approach to deliver competitive products that puts choice and availability firmly in the hands of the broker and their customers.”
