Sharon Van Loenen

From today, Thursday 9 November, our overall portfolio stress is increasing to 125% cover at 6.5% (from 6%). We will continue to make pragmatic lending decisions based on the overall merits of an application, but have made this adjustment to reflect higher mortgage interest rates for landlords in the current environment. Product Guide  Lending Criteria Website

Great news, we’re reducing rates on our High LTV (XLTV) products. We’re pleased to announce further rate reductions, this time across our XTLV range (>85% to <100% LTV), including both our fixed and variable products. This change has been designed to help those customers with lower amounts of equity built up in their property or those

On Thursday 9th November 2023 at 5:30pm we will be withdrawing our BTL and Residential Specials products, as well as our BTL Limited Edition products and selected 2 year core BTL rates, to be replaced the next day. Any DIPs on the current products will need to be submitted by 5.30pm on Thursday 9th November

Selected 5 year BTL products to be withdrawn at the close of business Thursday 9th November. In advance of a reprice, a selection of our Vida 36, 5 year 75% LTV BTL products are to be withdrawn from 6.00pm on Thursday 9th November. For any cases currently in the pipeline, all mandatory docs must have

NEW Key Worker Products Launched Reliance Bank Ltd are excited to announce the launch of our NEW Key Worker Mortgage Products to both the Intermediary market and Direct Channel. The Key updates are as follows: 2 year fixed of 4.99% fixed until 28th February 2026 (Product Code W C) This is available up to a maximum 75% LTV and has a product fee of

Gen H has announced further rate reductions of up to 26 bps. This is the lender’s third set of rate reductions in 9 working days. The most recent cuts are between 17 and 26 bps across their 2-, 3- and 5-year products. The new rates are already live for both broker and direct customers, and

Professional Mortgage interest only criteria enhancement Over the past month, we’ve sat down and enhanced criteria across our products. In our latest improvement to the Professional Mortgage, we’ve removed the need to meet capital repayment affordability when assessing interest only applications. This means greater financial flexibility for professionals with diverse income streams. What else has changed recently? We’ve… Reduced the minimum income

Return of Expat BTL 5 Year Fixed Rate and Self Build Large Loan. We’re very pleased to be bringing back two popular products to our range. These will be available for purchase and remortgage from Friday 3 November 2023. Read on for a few of the key features of the products. Available from 3 November 2023.