The new 2-year and 3-year fixed rate products are available across the portfolio and include in the prime market a 2-year fixed rate starting from 5.39% and a 3-year fixed rate starting from 5.59%.
In the near-prime market 2-year fixed rates start from 9.50% and 3-year fixed rates start from 9.70%
In the large loan sector 2-year fixed rates start from 6.60% and 3-year fixed rates start from 6.80%.
John Eastgate, sales and marketing director, OneSavings Bank, said: “The inclusion of the new range of fixed rate products reinforces Prestige Finance’s position as a real leader in terms of product innovation, partnerships and its professional approach to the second charge market.
“It also uses this approach to deliver competitive products that puts choice and availability firmly in the hands of the broker and their customers.”
In addition to the launch of the new fixed rate products, the rates for Prime plans PF2, 2A and 2B have also been reduced.
The new Prestige range has been delivered in a response to strong broker demand for competitive fixed rate products.
Darrell Walker, head of product and new business, Prestige Finance, said: “These new fixed rate products deliver real competitive alternatives to the variable rates that currently dominate the market. It also gives our partners further options for their customers who are seeking the peace of mind that fixed rate products can provide.”