Find the latest update from Kent Reliance here. To see their full criteria and product information go to their Intermediary site here. Access these product via our direct to lender mortgage club and get the benefits of payment on completion.
Do you know how to identify a vulnerable customer?
Did you know that as many as 24.9 million people in the UK exhibit some characteristics of vulnerability? >>>
Whether it’s because of illness, a traumatic life event, limited resilience to financial or emotional shocks, or low confidence in managing money, it’s never been more important you’re able to quickly identify customers who could benefit from some extra support.
Take a look at Kent Reliance for Intermediaries latest article to find out more about:
- the Financial Conduct Authority’s four key vulnerability drivers
- what we do to ensure customers are treated with an appropriate level of care
- useful links to other organisations and charities that also offer support
NEW BTL products
We are pleased to announce the launch of our NEW Buy to Let range of products in Kent Reliance for Intermediaries (KRFI), available up to 80% LTV.
Today we’re launching a new buy to let range which includes a limited edition 2-year fixed featuring our lowest rate at 4.94%.
And with 2-year fixed affordability stressed at 1.55% above pay rate for new purchases and just 1.05% on £ for £ remortgages, plus 5-year affordability stressed at pay rate, we could help you overcome affordability challenges.
Highlights of our NEW Buy to Let range includes:
- 2 and 5 year fixed rates for purchase and remortgages with rates from 4.94% (is ONLY a Limited Edition product with an assessment rate of 6.49%)
- Reduced assessment rate for £ for £ BTL remortgages
- No maximum loan amount (Min loan £50,000)
- Unsecured credit arrears not counted for purpose of underwriting
- Available to HMOs and Multi Units – including First Time Landlords up to 6 beds, Existing landlords 10 beds (higher by exception)
- No credit scoring – instead flexible underwriting
- Leases with minimum 50 years left to run at end of term considered
Suitable for: First time landlords, existing landlords looking to purchase as well as remortgage including raising cash to purchase additional properties and day-one remortgages including afterworks valuation figure where works can be demonstrated!
This is another example of how our handcrafted solutions and flexible approach to underwriting can assist your customers in 2023!
Speak to your business development manager to find out more, or contact our broker liaison team on 01634 888276 or using Live Chat.