Kent Reliance for Intermediaries launches new residential ranges

By Bridging Loan Directory 18th March 2024

Kent Reliance for Intermediaries, (part of OSB Group) has refreshed products across their 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.

Residential range changes:

Income Flexibility Range – for customers who need flexibility around income multipliers. Available up to 95% LTV for loans up to £1.5million
Extra Flexibility Range – For customers who need flexibility due to their credit profile. Available up to 85% LTV
Core residential fixed rates reduced on 85% and 90% LTV products

Shared Ownership range changes:

All product fees now removed
Rates reduced on 95% and 100% MSV fixed rates

Buy to Let:

80% LTV fixed rates dropping by 50bps
Full range rates from 4.59% and suitable for any property type including HMOs with up to 20 lettable rooms

Adrian Moloney, Group 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.”

Wayne Gray, Managing Director, DMI Finance, said:

“Kent Reliance for Intermediaries are a key lending partner and these products and reduced rates will certainly be welcome news, especially for our residential clients who need just a little more flexibility in order to secure their dream property.

Alongside this positive news, we really value the support of KRFI’s award winning BDM team, as they take the time to talk through case complexities which can make a real difference towards securing a positive outcome.”