Spring Finance makes significant enhancements to second charge proposition

Specialist lender Spring Finance (Spring) has announced changes to its second charge product range. The enhancements include a lifetime tracker product, a 2-year fixed rate and a new BTL plan. The lender has simplified its eligibility criteria, making it easier to place business with Spring as well as improving its terms for hometrack and driveby valuations.

Shelley Stern, director of mortgages at Spring commented. “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.”

Andrew Bloom, CEO commented “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.”