They launch new products and reduce existing rates
Kent Reliance for Intermediaries and Precise Mortgages, both part of specialist lender OSB Group, have launched new buy-to-let and residential products which feature lower rates and greater flexibility.
Kent Reliance has added to its buy-to-let range new two-year fixed rate products at 75% loan-to-value (LTV) with rates from 4.89% and new two-year trackers from 5.49%.
Its limited edition buy-to-let product with a 7% fee was reduced by five basis points to 5.19%.
For its residential products, Kent Reliance reintroduced an income flexibility range up to 90% LTV, supporting customers who need flexibility with income multiples.
“Our popular limited edition 7% product fee five-year fixed rate has been improved, this means our lower pricing can support even more landlords,” said Adrian Moloney (pictured), group intermediary director at OSB Group.
“We’ve also reintroduced our income flexibility residential range and expanded it to help our customers who need greater flexibility with income multiples.”
Meanwhile, at Precise Mortgages, new 70% LTV residential products were launched, while some rates in the range were reduced by up to 30bps to as low as 5.99%.
There are also new residential products for customers with adverse credit including those on debt management plans (DMPs).
ANNOUNCED TODAY!
— Precise Mortgages (@Precise_Mtgs) October 20, 2023
Our core residential range now includes;
- NEW 70% LTV Products
- Reduced rates from 5.99%
Take a look at our website to find out more!https://t.co/tUhQSaEjkM
*For intermediaries only pic.twitter.com/TnVjbP42PD
In Precise’s buy-to-let range, the minimum loan size was reduced to £40,000.
“We’re dedicated to helping even more people to purchase their own home,” Moloney added. “Introducing these new products with reduced rates for customers with adverse credit, including those with active DMPs, demonstrates our commitment to supporting customers and realising their home owning aspirations.
“We’re also supporting buy-to-let investment by giving landlords a wider choice of products and reducing the minimum loan size for our products.”
The OSB Group includes mortgage lending brands Precise Mortgages, Kent Reliance for Intermediaries, and InterBay.
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