Mortgage News
Kent Reliance reduces BTL rates and adds fee-free options
Kent Reliance, subsidiary of OSB Group, has reduced rates on its buy-to-let mortgages by as much as 0.70 per cent, removed maximum loans on select products and added fee-free options in a range refresh.
Rates on two-year fixed rates now start from 2.49 per cent and five-year fixed rates begin from 3.04 per cent.
Products with no maximum loan include a two-year fixed rate priced at 2.49 per cent at 75 per cent loan to value (LTV) with a 2.5 per cent fee, as well as the alternative deal with a 1.5 per cent fee and a rate of 2.99 per cent.
Five-year fixed rates at the same tier with respective rates of 3.39 per cent and 3.99 per cent also have no maximum loan amount.
This is also the case for select two and five-year fixed rate products at 80 and 85 per cent LTV, the lender’s maximum lending limit.
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Minimum loan sizes vary from £50,000 to £100,000.
Fee-free products include five-year fixes at 75, 80 and 85 per cent LTV.
Adrian Moloney (pictured), group intermediary director of OSB Group, said: “Our refreshed range of BTL mortgages is designed to ensure brokers have the solutions they need to help as many of their clients as possible.
“This product range has been designed to suit landlords of any type, including first-time and portfolio landlords, and those looking to purchase an additional property or remortgage.”