The lender, which is part of the OneSavings Bank group, has broadened the proposition in a bid to offer more choice to intermediary partners who are seeking solutions for larger cases in these buy-to-let sectors.
Dawn Mirfin, group underwriting director at OneSavings Bank, said: “As a specialist lender, we’ve got the ability and experience to consider applications that other lenders may not be able to, because we look at each loan application individually and make a judgement based on the case’s own merits.
“Our service levels reflect our professional expertise and we’re pleased that our current buy-to-let service levels remain strong with AIPs assessed within 24 hours and a full underwrite within four days.”
Key features of the HMO/MUFB range which may be of note to brokers include:
- Rates available from 3.79%
- Up to 75% LTV to £3m on one to six bedrooms/units
- Up to 70% LTV to £1.5m on seven to 10 bedrooms/units
- First-time landlord options available on 1-6 bedrooms/units
- Limited company structures welcomed
- Less than perfect credit profiles considered
Doug Hall, director at 3mc, said: “It’s great news that Kent Reliance for Intermediaries is expanding their HMO/MUFB range.
“One of the many reasons we continue to work so successfully with this award winning team is that they have the expertise and service ability to deliver clear and consistent case decisions.
“These key factors ultimately enable our brokers to achieve timely and positive outcomes for their clients.”
