Shawbrook Bank has launched two new additions to its Premier Plus range.

The lender has increasing LTVs up to 85% with lower rates for prime borrowers.

The products offer flexible terms from three to 25 years, the facility to make monthly or lump sum overpayments without penalty and an early repayment notice period of 28 days with a £195 fee.

Maeve Ward, head of sales, secured lending at Shawbrook Bank, said: “We have big plans for 2013 and will continue to introduce new and competitive products to open up the market and bring more choice to the customer. As a highly capitalised lender we can achieve our growth plans to drive the market and help new clients.

“We value the relationship that we share with our broker partners and their input has been integral in shaping our new products to ensure that they meet the true needs of the client. We will continue to work closely with them to enhance our product offering and services.

“We are proud to maintain our position as market leader, but we never rest on our laurels and constantly look at how we can improve our products and service.

“It is exciting that the market is so buoyant and as market leader we are delighted to see increased activity from both new and existing lenders. We are committed to driving the market forward, ensuring there is an array of competitive products available for the client to choose from.”