The product range has been enhanced by a change in the maximum loan limit on the standard Prime range of products, which increases from £100,000 to £200,000. The service proposition has been improved by changes to the credit approval process that will speed up decisions on larger loans.
Darrell Walker, Head of Product and New Business, Prestige Finance, said:
“We’ve enhanced our proposition so that brokers can take advantage of enhanced criteria and quick decisions to further support their customers. These improvements reflect the determination of Prestige Finance, and its parent OneSavings Bank, to make a significant contribution to the continued growth and competitiveness of the second charge lending market.”
