Prestige Finance, which is part of OneSavings Bank, has reduced rates across its prime residential product range and expanded its buy-to-let offering.
The reductions apply to all buy-to-let variable rates and complement the new competitive two-year and five-year fixed rates.
The second charge lender has also simplified its proposition by integrating both its professional and standard buy-to-let products into one single range.
Darrell Walker, head of sales second charge and commercial ending, OneSavings Bank, said: “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.”
Highlights of changes include:
Prime and large loan
Reduced rates available from 4.15% on 65% LTV
4.90% on two-year fixed rate
5.30% on five-year fixed rate
Buy-to-let
Reduced rates available from 5.49% on 60% LTV
6.19% on two-year fixed rate
6.59% on five-year fixed rate
Two-year and five-year fixed rate introduced to buy-to-let range
Alignment of professional and standard buy-to-let range under one competitive proposition
Consumer buy-to-let loans now available
