NEW Mortgage Product Range Launched
Reliance Bank Ltd are excited to announce the launch of their new Mortgage product range to both the Intermediary market and Direct.
The Key updates are as follows:
- We currently only offer a 2 year fixed rate mortgage product (we have withdrawn 3yr + 5yr deals)
- The end date for all fixed rate products is now 30/09/2025
- We have launched a Intermediary Exclusive Term Tracker which is ONLY available via 27 tec SOURCE and SOURCE Brain
- We have increased our LTV banding from 90% to 95% LTV percentage share for the Shared Ownership Scheme Mortgages – please refer to the attached product rate sheets
- Have maintained our Key Worker Product Range with lending up to 90% LTV – Please remember one applicant must belong to one of our qualifying occupations – please refer to attached occupation list for further details
- Shared Ownership Mortgage products can be used for First Time Buyers / Home movers / Remortgage Cases / Staircase to full ownership
- We have maintained the £850 cash back offer on both Key Worker and Shared Ownership Mortgages
- Key Worker Mortgage Cash back incentive amount is paid within 60 days of the date that the mortgage completes with Reliance Bank Ltd.
- Shared Ownership Mortgage Cash back incentive amount is paid within 60 days of the date that the mortgage completes with Reliance Bank Ltd
- Product Fees – these can be added to the loan or paid upfront – Please note we will not allow LTV limits to be exceeded when product fee has been added to the loan
Please remember, ALL Advisers MUST call to discuss every application and assess affordability with one of the underwriters PRIOR to submitting an AIP
Email: Mortgages@reliancebankltd.com