Step One Finance enhances second charge criteria – The Intermediary

Following recent price reductions, Step One Finance has made additional enhancements to its second charge loans proposition.

Effective immediately, the maximum loan-to-value (LTV) for residential properties has increased from 85% to 95% and for buy-to-let properties from 80% to 85%.

Additionally, the maximum loan size for buy-to-let properties has increased from £100,000 to £150,000.

Martin Porter, head of lending, said: “These product improvements continue to expand our product offering enabling our broker partners to help and serve even more customers.”