Kent Reliance launches large residential loan range | Mortgage Strategy

Img

Kent Reliance has introduced a large loan residential property range available through its intermediary partners.

The new product line is available on loans of between £1m and £3m, up to a maximum of 75 per cent LTV on two- and five-year terms.

Rates are from 3.69 per cent, with revert rates tracking the Bank of England’s base rate.

The lender, part of the OneSavings Bank group, says the new range will be available to those purchasing a first or second residential home, subject to income; up to four borrowers on one application; and those requiring a specialist lender. Interest-only and let-to-buy applications will also be considered.

OneSavings Bank group sales director Adrian Moloney says: “During these difficult times, it’s important to appreciate and understand the diversity of lending applications such as those with non-standard income streams and strive to offer a common-sense approach.”

“Every department within Kent Reliance for Intermediaries, from sales to underwriting, from completions to our in-house valuation team have the expertise and knowledge to deal with cases of all shapes and sizes.  These cases, which are quite often turned away by mainstream lenders, give us the opportunity to showcase what we do best which is to offer a flexible approach to lending through our specialist manual underwriting coupled with a strong understanding of the market.

“This allows us to properly consider each case on its own merits, match our products to the broker’s requirements and work with them to get their cases over the line.”


More From Life Style