Prestige Finance says is finishing 2013 with a loan book that is growing fast and application and completion levels increasing at a record rate.

The intermediary dedicated secured loan arm of OneSavings Bank said business in November was up 40% by volume and over 36% in relation to the number of cases on October’s figures.

Director, Simon Stern, said: “Since we relaunched in March, the principal effort has been to build momentum and in the ensuing months we have definitely succeeded because of the relationships we have developed with our introducer partners. In November, it was particularly gratifying to see the broadest level of support from across our introducer panel.

“Interestingly, the increases in October and November have all come about before we see the real impact of the November product and criteria changes, which have been so well received. Prestige Finance will be definitely flying out of the blocks in 2014.”

Andrew Fisher, owner of Sensible Home Finance, added: “Prestige Finance has methodically built up its credibility and importance to the intermediary in 2013. We are looking forward to seeing Prestige as a real front runner in 2014.”