The deal is a two-year discounted mortgage with no ERCs and is available for both purchases and remortgages with a 3% arrangement fee. Rental cover is 125% at 5%.
The deal is only available to mortgage club members.
Ying Tan, the Buy to Let Business managing director, said: “Kent Reliance is a forward thinking lender that has a unique proposition in the market place.
“The exclusive product with Kent Reliance is head and shoulders above its competitors and helps improve cash flow for landlords. This product demonstrates the growing confidence of lenders within the buy-to-let sector, as rental demand stays high and yields remain strong.”
John Eastgate, sales & marketing director at Kent Reliance added: “Having worked successfully with The Buy to Let Business for some time, we naturally wanted to support the launch of their mortgage club. Kent Reliance is committed to the BTL sector and we look forward to working with Ying in the future.”
Earlier this week, the Buy to Let Business announced the addition of Abbey for Intermediaries to its panel of lenders. Mortgage club members will have access to buy-to-let products including a 2.75% two-year tracker at 60% LTV and a 3.55% two-year tracker available up to 75% LTV. Members are also able to submit all their residential mortgage business through the mortgage club.
All intermediaries wishing to register with The Buy to Let Business mortgage club can do so by either visiting the website or by calling 01276 601041.
