Loans are offered at up to £500,000 at a rate of 7.5% variable up to an LTV of 65% to both employed and self-employed applicants.
Bradley Moore said: “Prestige wanted to gauge the demand for this kind of product before taking it to the wider market and therefore we were delighted to have had access to this market leading large loan product.
“It satisfies capital raising requirements at a very competitive rate and of course secured loans give clients access to funds very quickly whilst leaving the 1st charge undisturbed.”
Simon Stern, director of Prestige Finance (pictured) said: “The delivery of this product reinforces the commitment of our parent, OneSavings Bank, to the sector and in choosing Brightstar, we were impressed by their knowledge and understanding of the larger loan market. The pilot scheme has allowed us to judge the appetite for the product and the quality of enquiries. We have been delighted with the results so far.”
