Spring Finance improves first charge mortgage offering

Specialist lender Spring Finance has announced the launch of a first charge residential remortgage product following a successful pilot launch in November last year.

The product range offers loans up to £100,000 and 75% LTV.

The lender has also added an HMO and Airbnb product to its existing second charge buy-to-let product range as well as simplifying its eligibility criteria for self-employed applicants.

The changes come following a record month of lending in which Spring also increased the size of all three institutional funding lines and appointed several new starters across the business.

Paul Carley, head of sales for mortgages, said: “We are delighted to release these changes to our intermediary panel. The remortgage product has served a gap in the market, and we look forward to supporting more consumers in this area.”

Shelley Stern, director of mortgages at Spring, added: “We are delighted to release the first charge product to our intermediaries following a successful trial. With the recent additions to the team, we are continuing to maintain our service proposition whilst increasing our product offering and capability.”

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