OSB Group has launched a new specialist buy-to-let (BTL) lender Rely.
The launch follows a successful extended pilot involving over 50 brokers firms and feedback from more than 500 brokers, who have already successfully submitted business on the new lending platform.
OSB says the new technology features 18 partner integrations to make the BTL lending journey simple and fast.
Brokers are able to register quickly and easily through a four minute process and view the new range of products and features available on the Rely website.
Rely’s BTL experts are also available to support brokers for the more complex or unusual cases that require additional guidance.
The lender targets all landlords from first-time right through to large-scale professional investors as they grow their business.
The launch of dedicated BTL lender Rely under OSB Group allows Precise to focus on residential and bridging mortgages. This means BTL products from Precise will be withdrawn.
This also means the retirement of the Kent Reliance for Intermediaries (KRFI) brand for new business, which will be officially announced at a later date.
OSB Group group intermediary director Adrian Moloney says: “We’re really proud to officially launch Rely to market and want to thank all the firms and brokers who gave their invaluable support and feedback during the pilot.”
“Rely provides brokers with simpler, faster and more predictable lending journeys as well as offering product choice, value and confidence across a broad range of buy to let scenarios.”
“Using data-driven lending decisions, it enhances our ability to streamline every broker touchpoint from underwriting, valuation, risk assessments and even document handling.”
In August, OSB Group reported that loan originations increased by 10% to £2.1bn in the first six months of the year compared to a year ago.
The group’s net loan book grew 1.2% to £25.4bn in the period as the business focused on diversification into higher-yielding sub-segments, it said in a trading statement.