Kent Reliance announce the launch of their NEW Buy to Let range of products in Kent Reliance for Intermediaries (KRFI), available up to 80% LTV.
Highlights of our NEW Buy to Let range includes:
- 2 and 5 year fixed rates for purchase and remortgages with ICR assessment rates from 4.94%
- Reduced assessment rate for £ for £ BTL remortgages
- No maximum loan amount (Min loan £50,000)
- Unsecured credit arrears not counted for purpose of underwriting
- Available to HMOs and Multi Units – including First Time Landlords up to 6 beds, Existing landlords 10 beds (higher by exception)
- No credit scoring – instead flexible underwriting
- Leases with minimum 50 years left to run at end of term considered
Note that the 4.94% rate ONLY is a limited edition product with an assessment rate of 6.49%
Suitable for: First time landlords, existing landlords looking to purchase as well as remortgage including raising cash to purchase additional properties and day-one remortgages including afterworks valuation figure where works can be demonstrated!
This is another example of how our handcrafted solutions and flexible approach to underwriting can assist your customers in 2023!
As always, we would really appreciate your support in promoting these products and if there is anything at all you need from a marketing perspective, please let Danielle or myself know and we’ll be happy to work with you on this.
If you have any questions in the meantime regarding the above, please do not hesitate to contact your corporate account manager, or your local BDM.