Prestige Finance has launched a sub-6% plan in response to broker feedback.

The new plan, which is available up to £100,000 and an LTV of 65%, has a 5.60% rate and is aimed at prime clients looking for an alternative to remortgaging when wishing to raise capital.

Simon Stern, director at the secured loan lender, said the product enhancements are part of Prestige’s evolutionary strategy.

He said: “We rely on solid and considered feedback from our introducer partners and along with our own research we have simply extended our reach in terms of the prime sector we want to target. We have always maintained a very simple product matrix that our brokers appreciate and we continue to make it as easy as possible to do business with us.

“On top of this major product enhancement, we had become aware of the pressure on our overworked valuer panel and are delighted to announce an expansion to our valuer panel, which can be accessed via Pure Panel Management.

“I am sure this move will be welcomed by our introducers. Listening to the needs of our partners has been a major factor in our development as a lender and we look forward to delivering more positive enhancements as the year progresses.”