Step One Finance has unveiled a new range of personal loan deals to complement its existing range of second mortgage products.

As part of the new product launch, Step One has also introduced a redesigned website with new customer and broker functionality.

The new personal loan product range includes both personal loan and guarantor loan products allowing customers to borrow amounts up to £10,000 with a process the firm claims is significantly faster than a traditional second charge mortgage loan.

Martin Porter, head of lending, said: “We designed our latest product range based on feedback from customers and brokers that a personal loan product may be a more efficient borrowing solution for smaller loan amounts.”

Michael Childress, CEO, added: “All of the core Step One principles of responsibility, transparency, fairness and simplicity have been considered in the development of our latest products and we look forward to building a lasting relationship with an increasing number of new customers.”

The lender says its new website provides both increased functionality for the brokers and introducers working with Step One as well as a improved customer experience.

Steve Khan, head of commercial development, said: “We have worked hard with our developers to deliver a new website that will enhance its usefulness for our professional credit intermediary partners while also introducing new functionality for existing and prospective Step One borrowers.”