Prestige Finance is improving its large loan proposition with immediate effect with two changes to product and service.

The maximum loan limit on the standard Prime range of products has risen from £100,000 to £200,000.

In addition, the lender said its 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 at 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.”