.svg&w=256&q=75&dpl=dpl_2SxT7C75H56Xb8sbYiFEfVySMYiY){kind=small}
Kent Reliance for Intermediaries, part of the OSB Group, has recently announced significant enhancements to its buy-to-let (BTL) mortgage product range. These changes aim to provide greater flexibility and more competitive options for landlords.
The specialist lender has notably reduced rates across its existing limited-edition buy-to-let products. Two-year fixed rates have seen reductions of up to 0.20%, while five-year fixed rates are down by up to 0.10%. These adjustments apply to a broad spectrum of properties, including Houses in Multiple Occupation (HMOs) and non-HMOs, with a new minimum loan size set at £100,000.
Key Benefits
In addition to rate adjustments, Kent Reliance has also made improvements to its lending criteria. The maximum loan-to-value (LTV) for new build properties has been increased to 75%, providing more borrowing potential for investors in this segment. The lender has also broadened its acceptance of adverse credit, now considering applications from borrowers with satisfied CCJs and defaults registered over three years ago.
Furthermore, Kent Reliance has refined its rental calculation methodology for portfolio landlords, simplifying the assessment of affordability for those with multiple properties. The updated criteria allow for a more nuanced evaluation of a landlord's overall financial position.
Eligibility Criteria
These strategic updates underscore Kent Reliance's commitment to supporting the diverse needs of the buy-to-let market and its intermediary partners.
For more on this topic, see our guide to Gatehouse Bank Reduces Buy-to-Let Rental Rates for Overseas Investors.
For more on this topic, see our guide to Kent Reliance Unveils New Buy-to-Let Products, Including Sub-4% Rate.