Step One Finance cuts second charge rates

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  • 25/05/2017
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Step One Finance cuts second charge rates
Second charge lender Step One Finance has announced rate cuts across the majority of its products and increased its fixed rate term to five years.

Head of lending Martin Porter says the move will help Step One offer a “compelling” option for customers.

“While some of our competitors are constantly changing criteria and lending terms we try to remain as consistent as we can with a few carefully considered improvements, which means our introducers really know what we’ll do and what we’re good at,” he said. “We think with interest rates at an all-time historic low, taking a longer or lower fixed rate offers a compelling choice to customers.”

The lender has also announced a number of new appointments including Terry Young as BDM for the south of England and Joe Kite and Sylwia Fert who have joined the company in the underwriting department and loan administration department, respectively.

 

 

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