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.
Upcoming product changes
We want to let you know that we’re making some changes to our new business buy to let and residential products from 5pm on Thursday 14 March. These changes include:
Buy to let changes
- Reducing 80% LTV fixed rates
Residential changes
- Relaunching 95% LTV income flex products
- Relaunching our extra flex range with rates up to 85% LTV
- Withdrawing 80% LTV core fixed rates and reducing 85% and 90% LTV rates
Shared ownership changes
- Withdrawing 3-year fixed rates
- Removing the £399 product fee
- Reducing 95% and 100% MSV fixed rates
New buy to let and residential ranges will be available on Friday 15 March.
Our existing product transfer ranges will remain unaffected.
To secure an application on our current range you must have reached the ‘fees paid’ stage before 5pm on Thursday 14 March.
You’ll then need to have submitted all essential documents by 5pm on Thursday 21 March.
Full details of our document submission requirements can be found in our ‘Mortgage application submission checklist’.
Download our mortgage application submission checklist >>
Kent Reliance for Intermediaries latest residential and buy to let products
Our residential range changes
We’re making a wide range of improvements across our residential product offering. Changes include:
- Relaunching 95% LTV lending in our income flexibility range with loans available up to £1.5million for your customers who need a lender who can look outside of standard income criteria
- We’re also relaunching our extra flexibility range up to 85% LTV, supporting customers who need flexibility due to their credit profile
- And we’re reducing 85% and 90% LTV fixed rates in core residential
Our shared ownership improvements
We’re also making changes across our shared ownership range.
- All product fees now removed
- Rates reduced on 95% and 100% MSV fixed rates
90% MSV Rates from 6.14% | 95% MSV Rates from 6.24% | 100% MSV Rates from 6.34% |
Enhanced buy to let range
It doesn’t end there either. We’ve made significant changes across buy to let as well with 80% LTV fixed rates dropping by 50bps.
Our full range has rates from 4.59% and is suitable for any property type including HMOs with up to 20 lettable rooms.
And remember… you can now instruct investment valuations on 5 and 6 bedroom HMOs located in Article 4 Direction areas. If the property’s outside an article 4 area, an investment valuation may still be available, just speak with your business development manager.
Residential product pages → Buy to let product pages →
These improvements are all backed up by our usual exceptional service where pre-offer underwrite is currently completed in 3 working days and application to offer just 16 working days.
If you have any questions, please speak to your business development manager, or contact our broker liaison team on 01634 888276 or using Live Chat and we’ll be happy to help.