Secured Loans Consulting is now offering a 90% LTV second charge product available up to £15,000. It is being funded by an unnamed lender, which SLC says is new the marketplace.

Employed applicants over 25 years of age only will be considered.

Richard Croll, new business manager at SLC, said: “This new product is a sign that confidence is slowly returning and it’s almost unbelievable to see a 90% product after so long since the likes of Paragon and First Plus left the market.