Kent Reliance cuts BTL rates | Mortgage Strategy

Img

Kent Reliance for Intermediaries has cut rates on a number of buy-to-let and residential deals, but raised rates on shared ownership products.

The lender, which is part of OneSavings Bank, says its new buy-to-let deals for limited company landlords now start from 3.04 per cent, down from 3.69 per cent previously

Its residential rates now start from 3.29 per cent with a £995 fee down from 3.69 per cent previously.

Shared ownership rates have increased and now start at 4.04 per cent, up from 3.89 per cent before.

The specialist lender has also retained its large loan product range offering OneSavings Bank group sales director Adrian Moloney

Adrian Moloney, Group Sales Director at OneSavings Bank, said: “The announcement today shows our continued commitment to our intermediary partners, even in today’s challenging environment.

“Kent Reliance for Intermediaries has always been a constant player within the market and we will always strive to support our brokers in the best way that we can, by listening and adapting accordingly.

“Our experience and knowledge, combined with our common-sense lending, manual underwriting and individual case assessments, means we are far better placed to help brokers find the buy to let or residential loan they need for their client’s individual circumstances.”


More From Life Style