The mortgage is only available through Brightstar Financial and gives a two year discount with no early repayment charges at any stage.
Kent Reliance and Brightstar will also look at accountant projections for at least the second year and six months personal and business bank accounts.
Andy Golding, chief executive officer of One Savings Bank, said: “Where big banks still seem to be reluctant to lend to small and medium enterprises, we’re prepared to help entrepreneurs by taking an experienced and responsible look at their business potential.
“We recognise the huge contribution of UK entrepreneurs and small business owners to getting the economy moving and are delighted to make it easier for them to buy property.”
Rob Jupp, managing director at Brightstar, said: “Never has the famous Churchill quote “Some see private enterprise as a predatory target to be shot, others as a cow to be milked but few are those who see it as a sturdy horse pulling the wagon” been more relevant than in today’s economy, where UK entrepreneurs with tremendous potential are prevented from moving house or buying a bigger home.
“Mutual lenders like Kent Reliance are showing maturity and leadership and we are delighted to be leading this fantastic project for them.”
