Prestige Finance has unveiled a new product and improved pricing on its prime product range.

Highlights include:

• New prime product up to 60% LTV at 5.29%
• Prime 60-65% LTV now at 5.5%
• Further rate reductions up to 85% LTV
• Lender fee reductions
• On prime and near prime products fee reduced from £500 to £300
• Large loans product fee reduced from £995 to £500 (up to £250,000) and from £1995 to £750

The OneSavings Bank owned lender believes its product range covers the widest number of client requirements while remaining simple for intermediaries to navigate.

Simon Stern, business development director at Prestige Finance, said: “Throughout 2014, we have provided a strong product proposition. With the new product and the price reductions linked to the significant reduction in lender fees, we are going into 2015 with a market leading product offering, which covers not only the prime and near prime sectors but also caters for large loans of up to £2.5 million.

“However, that is only half the story. Thanks to the close nature of relationships with our introducer partners, with whom we have worked hard to develop strong links that make the most of the expertise and proven strength of the New Business team at Prestige, we feel that brokers can be confident that our service more than matches the quality of our products. 2015 will be both a challenging and exciting year for the industry and we are determined to do whatever we can to help boost the market.”