It features lower rates, higher LTVs with low deposit options, and a reduced minimum loan
Kent Reliance for Intermediaries has launched a new residential mortgage range, which includes the return of its income flexibility proposition.
The new range features lower rates, higher LTVs up to 90% with low deposit options, and a reduced minimum loan – now from £50,000. Two-, three- and five-year fixes with rates starting from 5.69% are available for purchase and remortgage, including day one remortgages.
The lender, which is part of specialist lender OSB Group, has also launched new shared ownership products with rates from 6.14% and up to 100% share value available.
Further product and criteria information on Kent Reliance’s ranges can be found in its latest residential product guide.
“This new residential range illustrates our ongoing commitment to brokers, and we’re confident it will be a timely boost for those clients with varied income sources, including self-employed and contractors, who may be struggling to find a financial solution due to their particular circumstances,” Adrian Moloney, intermediary director at the OSB Group, commented.
“Brokers can be confident that if there is a solution to their client’s cases, we will actively work with them to find and secure it.”
Precise Mortgages, another lender within the OSB group, has also launched a new residential range that features lower rates with measures designed to help brokers accommodate clients with wider adverse requirements.
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