GREAT NEWS! New KRFI Buy to Let product range
Leading on from Laurelle’s email this morning announcing the Kent Reliance for Intermediaries buy to let products are being withdrawn at 8pm on Thursday 27th January, they wanted to take this opportunity to tell you some exciting news about the new products that they are launching to replace them. This includes a criteria change that sees the maximum loan amount restriction being removed even at 85% LTV! Which should be great news for your broker’s high-networth customers.
Kent Reliance for Intermediaries we will be re-launching their buy to let products and they have made some significant pricing improvements across the entire range.
Highlights of the NEW range include:
- NEW CRITERIA No maximum loan size up to 85% LTV
- Fixed rates now from 2.49% – up to 75% LTV
- Higher Fee, Lower rate options – providing a range of options for landlords
- £0 fee 5-yr fixed to £500k – for landlords looking to minimise up-front costs and appeal to remortgage market (also available for purchase)
- Further Advance options available
These significant rate changes, coupled with the withdrawal of the maximum loan amount across the buy to let range continues to be complimented by KRFI’s breadth of criteria or instance:
- Maximum 85% LTV lending
- Shareholders DO NOT need to on the mortgage
- Holding company with SPV subsidiary company acceptable
- Unsecured credit arrears not counted
- First Time Landlord HMOs/MUFBs up to 6 beds
- Experienced landlords – up to 10 bed HMO/MUFBs considered
- Commercial valuation carried out on properties with 7 bedrooms or more
Kent Reliance for Intermediaries hope that you will agree that this is a fantastic start to 2022 and continues to demonstrate their commitment to helping brokers have the best buy to let solutions for their customers.
As always, any assistance that you can provide in promoting these products would be greatly appreciated and Lisa and Laurelle will be in touch with new product literature in due course.
If you would like to discuss this new range in more detail or require any additional support please don’t hesitate to get in touch by emailing Laurelle.Mckenzie@
