The products, which include fixed and discounted rates, are available through selected intermediary partners of M.I. Business Solutions, providers of the MIG, and Kent Reliance.
John Eastgate, sales and marketing director for OneSavings Bank, the parent company of Kent Relilance, said: “We are delighted to announce that from today Kent Reliance will be helping borrowers gain access to finance to buy a newly built home.”
Eastgate said the lender is using the MIBS mortgage guarantee scheme to allow it to help unlock the new build property market for people struggling to build up a deposit.
He added: “It will also enable the builders on the MIBS panel to operate with confidence knowing there is finance available for buyers.”
Tony Ibson, director of MIBS, said: “We are very pleased that Kent Reliance has joined our new build lender panel and is offering a highly competitive range of rates across our range of products.
“Its involvement in the scheme will allow the 24 builders who are contracted to our scheme to be able to offer more home buyers access to low deposit mortgages.”
