Spring Finance has launched products into its second charge product range covering lifetime trackers, a two-year fixed-rate deal and landlord offers. 

The specialist lender says its new two-year fixed-rate residential product starts at 10.15% with a loan to value that runs up to 80%. Its lifetime tracker starts at 10.95%. 

The firm’s BTL primer products start at 10.75% and run up to 75% LTV, while its new BTL core plan loan rates start at 11.60%. 

The business has also loosened its criteria rules. 

A borrower’s credit is now reviewed over six to 12 months for demerits, down from two years.  

It has also streamlined its mortgage process by “removing the need for most forms,” making day one offers more common. 

Spring Finance director of mortgages Shelley Stern says: “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.” 

Spring Finance chief executive Andrew Bloom adds: “The enhancements affirm our commitment to growth and continuing support of the industry.”