Kent Reliance For Intermediaries Reduce Rates Across Entire Btl Specialist Mortgages

By Author: Kent Reliance
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Kent Reliance for Intermediaries Reduce Rates Across Entire BTL Specialist Mortgages

Kent Reliance, an award winning mortgage lender and part of specialist lending group OneSavings Bank, has announced major changes to their Buy to Let specialist mortgage range, with rates now starting from 2.99%, which is their lowest ever interest rate.

The price reductions across the 2 and 3 year products of their specialist range apply to limited company mortgages , Houses in Multiple Occupation (HMOs) and multiple flats under one freehold. The new, updated rates apply to both Kent Reliance’s specialist Buy to Let range and their Specialist Buy to Let large loans range which features mortgages between £1m and £3m.

This update supplements major changes to Kent Reliance’s 5 year fixed BTL mortgage range which took place in February 2017, with rates for these products now starting from 3.59%. These reductions featured across the 5 year fixed Buy to Let product set, with a new Loan to Value (LTV) range from 65% up to 85%. Loans over 80% Loan to Value are not available to first time landlords.

Adrian Moloney, ...
... Sales Director at OneSavings Bank said: “As tax and regulatory changes continue to impact the market, specialist lenders need to adapt quickly to support these changes. These rate reductions are in direct response to the feedback received from our brokers who are actively seeking products for the increasingly evolving landlord market.”
For further information on the new product rates which came into effect on Friday 24th February 2017, visit the Kent Reliance for Intermediaries Buy to Let mortgages page. Please note the Kent Reliance for Intermediaries website is for intermediaries only.
About Kent Reliance for Intermediaries

Kent Reliance for Intermediaries (KRFI) is a mortgage lender with particular expertise in Specialist Buy to Let mortgages and the private rental market. Lending exclusively through intermediaries on properties in England and Wales, each case is manually underwritten which provides KRFI customers with a flexible approach. Kent Reliance for Intermediaries is a trading name of OneSavings Bank.

Kent Reliance for Intermediaries does also provide a range of Residential mortgages which includes shared ownership and interest-only options. Kent Reliance’s residential mortgages are available to self-employed applicants, subject to applications meeting their lending criteria. All Kent Reliance mortgages are available exclusively to applications through intermediaries.

Lender features
• Manual underwriting gives brokers a more flexible approach
• A dedicated Business Development Manager
• No maximum portfolio limit with Kent Reliance, or across all lenders
• Max age at the end of the term 85 – max age on entry 79 for Residential and Buy to Let
• Maximum 85% LTV on Buy to Let Standard and Specialist
• Large loan products available (up to £3 million – larger loans are considered on a case-by-case basis)

Key Buy to Let Features
• Flexible financing with no minimum income requirement
• Applications through non-trading Limited companies and LLPs considered
• Ex-Pat applicants considered (max 75% LTV) for both employed and self-employed
• Applications on behalf of professional landlords are welcome
• Multiple units on one freehold accepted
• HMO/student/multi lets available