Step One Finance has announced a update to its product range, with rates starting from 6.9%.

The seance charge lender will be reducing its lender fee, as well as increasing its maximum loan size.

AVMs will now be accepted up to 80% LTV, while Step One has also removed maximum age restrictions

A 30-year loan term is now available, and there has been a shortening of the period of time that missed payments are considered.

The lender also stated it will have a new solution for situations when a first charge lender is unwilling to provide consent.

Martin Porter, head of lending at Step One, said: “Step One has one of the broadest product offerings in the market and these new changes will expand that scope even further.

“We have incorporated feedback from a number of our intermediary partners and look forward to helping more customers with their financing needs in the coming months.”

Michael Childress, director and CEO of Step One, added: “Our new products should broaden the appeal of Step One to the broker community and solidify our reputation as a reliable specialist lending partner who can deliver creative solutions which are built around each customer’s individual circumstances.”