Kent Reliance cuts rates on buy-to-let range

by: Carmen Reichman
  • 23/02/2017
  • 0
Kent Reliance cuts rates on buy-to-let range
Kent Reliance has cut the rates on its entire range of specialist buy-to-let products to as low as 2.99% effective from 24 February.

The price reductions will apply to the lender’s two and three-year specialist products for limited company borrowers looking for funding for houses in multiple occupation and multiple flats under one freehold.

They supplement the changes made to five-year fixes in early February, which saw rates cut to 3.59% with borrowing available on loans ranging from 65% to 85% loan-to-value.

Kent Reliance is part of specialist lender OneSavings Bank. Sales director, Adrian Moloney (pictured), said: “As tax and regulatory changes continue to impact the market, specialist lenders need to adapt quickly to support these changes. These rate reductions are in direct response to the feedback received from our brokers who are actively seeking products for the increasingly evolving landlord market.”

In January stricter underwriting requirements came into force in an attempt by the regulator to curb the buy-to-let market and ensure financial stability with lenders. These rules will be followed by tax relief cuts for landlords from April.

There are 0 Comment(s)

You may also be interested in

Bridging

Keep up-to-date with all the breaking bridging and short-term lending news and analysis, from regulatory changes to product innovation and inside market knowledge. Take a look at our broker and lender case studies showing short-term finance in practice.

Commercial

Find all the news, opinion and analysis for property finance brokers specialising in commercial and semi-commercial mortgages, alternative and development finance for commercial investments in residential projects.

Second charge

Stay up-to-date with the latest news, analysis and opinion on the secured loan market as it evolves into a mainstream finance option following European regulation on 21 March 2016.

Complex buy-to-let

Whether it’s a complicated asset or a complex customer, you’ll find out all the breaking buy-to-let news in this section. From limited companies to portfolio landlords, student lets to a House in Multiple Occupation, we’ve got all bases covered with our up-to-the-minute news, analysis and opinion.

Mortgage Solutions

Find all the breaking news, analysis and industry comment on Specialist Lending Solutions' sister site, Mortgage Solutions
Read previous post:
buy to let
Romford climbs to top spot for buy-to-let investor returns

Romford has replaced Luton as the postcode offering the greatest return for buy-to-let investors, after seeing rental prices grow 8%...

Close