Step One Finance Limited (“Step One”) is pleased to announce that it has made significant enhancements to its products including a reduction in both fees and interest rates across most of the product line. Step One was formed in 2010 and prides itself on operating a business model of creating innovative financing solutions and offering responsibly underwritten loans which are simple, fair and transparent.

Martin Porter, Head of Lending for Step One said: “We are excited to introduce these enhancements to our intermediary distribution partners. We feel it is important to listen to feedback from our broker and packaging partners and have incorporated numerous elements of this feedback in both our product offering and procedures.”

A number of highlights for Step One’s product range include:

Interest rates from as low as 8.9% and LTVs allowed up to 95%.
Lender fees reduced to a minimum of £495 across many products.
BTL products available up to 80% LTV.
As always our underwriting team considers each loan application on the basis of the fundamentals of the application with no computerised results or reliance on “black box” credit scores.
Michael Childress, a Director of Step One, added: “With interest rates from as low as 8.9% we believe our products provide a comprehensive and competitive offering and should help brokers deliver more lending solutions to their customers. We have streamlined a number of our policies and procedures and are striving to not only deliver creative solutions to the market but also to find ways to improve efficiency and speed up processing times.”

This press release is for our regulated brokers and intermediaries only. The new products will apply to new business generated from 9 June 2014.

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Please note that Step One Finance does not charge up-front fees for any loan enquiries or applications. You should be wary of any parties purporting to arrange a Step One Finance loan who are seeking to charge up-front fees. Please contact us if you have any doubts regarding a Step One Finance loan application. Customers can also obtain additional information on the FCA’s website on the dangers of Loan Fee Fraud by clicking here.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT IF YOU ARE EXTENDING THE TERM OF THE DEBT YOU MAY BE INCREASING THE TOTAL AMOUNT YOU NEED TO REPAY.

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