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¬†‚Äď 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.