Prestige Finance Introduces Second Charge BTL Range
By |Published On: 23rd May 2015|

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Prestige Finance Introduces Second Charge BTL Range

By |Published On: 23rd May 2015|

This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.

Prestige Finance, a second charge loan specialist firm, has introduced a new range of buy-to-let mortgage products.

Prestige Finance Introduces Second Charge BTL Range

Prestige Finance Introduces Second Charge BTL Range

Using the advice of its key partners, Prestige created the products to allow landlords to release equity without having to reorganise their portfolio and existing buy-to-let mortgage.

The variable range includes a professional landlord offer, for three or more homes, with a maximum loan of £1m per property. Rates begin at 5.79% up to 75% loan-to-value (LTV).

The standard buy-to-let product has a rate of 6.99% up to 75% LTV with a maximum size of £200,000 per property.

Head of Product & New Business at Prestige, Darrell Walker, explains: “We’re very pleased to launch our completely new range of buy-to-let products. It couldn’t have been achieved without the valuable and extensive insight of our broker partners, who have helped us to create such a strong proposition for property investors.

“They told us a large number of their portfolio clients were unable to release equity without disturbing their main headline rate. Also the high rates available would often be the stumbling block for landlords currently benefiting from historic tracker products.

“We’ve listened to broker feedback and utilised the specialist lending expertise of our parent group, OneSavings Bank, to create a genuine market-leading product range.”1

Sales & Marketing Director at OneSavings Bank, John Eastgate, adds: “The inclusion of a brand new product range again 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’s great to witness the expertise of the specialist lending teams of OneSavings Bank coming together to deliver a competitive product that really helps both key partners and their clients.”1

1 http://www.propertyreporter.co.uk/finance/second-charge-btl-range-launches-at-prestige-finance.html

About the Author: Em Morley (she/they)

Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources. When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.

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