Kent Reliance release new 90% Residential and 80% BTL plus

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Leading on from the product changes in Precise Mortgages and InterBay that went live last week 6th July, I am thrilled to announce the following KRFI product and criteria changes are now live.

There are lots of positive changes so here is a summary for you:

KRFI Core Residential

  • Prime: Max LTV increased from 75% LTV to 90% LTV
  • Near Prime 1: Max LTV increased to 85% LTV
  • Rates now start from 3.24%
  • New Fee options: Prime and NP1 rates have a £995 fee option (max £750k loan) and a 0.5% fee option (min loan £200k). Therefore, from £200k to £750k the £995 fee option provides a benefit to the customer – incentivising those loans

KRFI Buy to Let

  • Max LTV: Increased to 80% LTV
  • Rates now start from 2.99% 
  • LTV reduction REMOVED for larger properties: Currently set to 70% LTV for 7-10 bedrooms/ MUBs, this restriction is being removed
  • Standard & Specialist product rates aligned: This range introduces just one set of pricing across different tax structures (personal ownership and limited company) and property types (including HMOs): A simplified range which increases the competitiveness of Specialist BTL