Spring Finance has reentered the second charge market after making a temporary withdrawal from accepting new business.

This was done, the firm says, to focus attention on looking after its existing customers.

Its second charge product is available at up to 75 per cent for residential and buy-to-let properties in England, Scotland and Wales, and rates start at 9.65 per cent on its variable product.

Spring Finance head of sales Graeme Wade says: “Our team at Spring have done, and continue to do, an amazing job in understanding and finding suitable solutions to the problems some Spring customers faced following the nationwide shutdowns.

“We feel that now is the right time to re-launch Springs second mortgage product offering, albeit with a cautious approach, to our valued broker partners.

“With the road map now in place we can all see the light at the end of the tunnel. Spring’s doors are back open and we look forward once again to making those complex cases, simple.”