"With the current economic backdrop, we were keen to provide some positive product options for brokers as we understand the challenges they are facing across the board."
- Adrian Moloney, intermediary director, OSB Group
Kent Reliance for Intermediaries has refreshed products across its residential, buy-to-let, and shared ownership product ranges.
Changes include relaunching Income Flexibility and Extra Flexibility residential ranges and rate reductions of 50bps on selected buy-to-let rates.
Income Flexibility is available for customers who need flexibility around income multipliers, with products available up to 95% LTV for loans up to £1.5 million. Extra Flexibility is for customers who need flexibility due to their credit profilem with products vailable up to 85% LTV.
Core residential fixed rates have also reduced on 85% and 90% LTV products
In Kent Reliance's shared ownership range, all product fees have been removed and rates have reduced on 95% and 100% MSV fixed rates.
In additionl all 80% LTV buy-to-let fixed rates are dropping by 50bps. Rates now start from 4.59% and are suitable for any property type including HMOs with up to 20 lettable rooms.
Adrian Moloney, intermediary director, OSB Group, said: “With the current economic backdrop, we were keen to provide some positive product options for brokers as we understand the challenges they are facing across the board.
"At the end of the day, there are always clients wanting to transact, whether it’s for the next step towards a family home or an investment property so it’s important as a lender that we listen and adapt accordingly. For example, our income flexibility products were designed to help newly qualified professionals, looking to purchase their first home but needing flexibility around income multipliers.”
