Reliance Bank has cut rates for key workers by up to 109 basis points, with two-year fixed-rate loans starting at 4.99%.
Gareth Byrne
The lender adds that cashback offers for these deals are £850, paid within 60 days of the date of completion.
Highlights include:
- Two-year fixes up to 75% loan to value, with a £1,499 arrangement fee at 4.99%, from 5.30%
- Two-year fixes up to 75% LTV, with no arrangement fee at 5.29%, from 5.85%
- Two-year fixes up to 90%, with an arrangement fee, at 5.20%, from 6.50%
- Two-year fixes up to 90% LTV, with no arrangement fee, at 5.70%, from 6.79%
- Three-year fixes up to 75% LTV, with an arrangement fee, at 5.01%, from 5.25%
- Three-year fixes up to 75% LTV, with no arrangement fee, at 5.29%, from 5.84%
Reliance Bank head of mortgages Gareth Byrne says: “We have significantly improved our rates to help key workers own a home. And this product range continues to offer cash back incentives for key worker mortgage completions.”
