Andrew Bloom

Spring Finance enhances second charge proposition

Specialist lender Spring Finance has made changes to its second charge product range.

The enhancements include a lifetime tracker product, a 2-year fixed rate and a new buy-to-let (BTL) plan.

The lender also simplified its eligibility criteria, as well as improving the terms for its hometrack and driveby valuations.

Andrew Bloom (pictured), CEO of Spring Finance, said: “We are delighted to release these changes at a time when our intermediaries and consumers are facing a number of challenges.

“The enhancements affirm our commitment to growth and continuing support of the industry.”

Shelley Stern, director of mortgages at Spring Finance, said: “This is an exciting period of growth at Spring and we believe these changes will significantly improve our proposition to both our intermediary partners and consumers.

“These changes follow recent improvements made to our application requirements and further reflects our ongoing commitment to simplify the application process and enhance our service.”

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