NEW UPDATE – Round-up of all the Precise, Kent Reliance and Interbay launches

  • Later today, both Precise Mortgages and Kent Reliance for Intermediaries will be increasing the LTV on buy to let and residential mortgage products to 70%, on properties valued up to £750k, using desktop valuations.
  • Yesterday, InterBay Commercial announced the launch of a new semi-commercial product range, available for properties up to £1m at 60% LTV. Whilst physical valuations remain unavailable due to government restrictions, semi-commercial applications will be underwritten up to the valuation stage and held until restrictions are lifted. Also, a new buy to let product range is now available for properties up to £1m at 70% LTV – the buy to let range comes with free desktop valuations.
  • And finally, on Tuesday, Precise Mortgages relaunched second charge loans up to 50% LTV with a maximum loan size of £200k and bridging loans up to 50% LTV with a maximum loan size of £375k.
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