Prestige to use drive by vals up to 70pc LTV

Simon Stern, director at Prestige Finance, said: “Just five months ago, under the ownership of OneSavings Bank, we rejoined the market with a new range of prime loan products and in that time our introducers have provided fantastic support and really got the message out to the market that Prestige was back.

“We have maintained and encouraged a two way dialogue with them which has enabled us to respond to concerns and plan for enhancements to both products and criteria.

“Thanks to the support of OneSavings Bank and its understanding of the importance and potential of our sector we have been able to rely on great feedback to put many positive changes in place.”

Paul Crewe, director at Smart Money Loans, said: “Without compromising the quality of its security Prestige has made its proposition that much more attractive by simplifying the packaging process.

“Not only does it shorten times to completion but it sends out a positive message to brokers and clients alike that Prestige Finance is determined to lead rather than follow the market.”