You are here: Home - News -

Kent Reliance shakes up mortgage criteria

  • 07/08/2018
  • 0
Kent Reliance shakes up mortgage criteria
Kent Reliance, part of specialist mortgage provider and retail savings group OneSavings Bank, has reduced minimum loan sizes, extended mortgage offer validity and increased valuation periods for new build.


Minimum loan sizes across its mortgage product range have been reduced from £70,000 to £50,000, up to 75% LTV, with the exception of expat and specialist BTL mortgages.

For new build properties, including shared ownership, it is extending its mortgage offer validity period from three to six months and increasing its mortgage offer valuation period from six months to seven.

Adrian Moloney, sales director at OneSavings Bank (pictured), said the changes follow broker feedback, particularly for shared ownership, and reflect current market requirements.

He added: “The criteria changes, especially the minimum loan changes, reflect our continued commitment to extending our distribution, particularly in the North of England, where we have been steadily building our BDM support network to ensure that we can offer the same high levels of expertise and support for specialist brokers throughout the UK.”

There are 0 Comment(s)

Comments are closed.

You may also be interested in

  • RT @KeystonePF: We are getting ready for the @mortgagesols Buy to Let Market Forum next week, our BDM's will be on hand to discuss all thin…
  • RT @DanielleDennis9: There are only two weeks left to get your nominations in for #BMA2019 - vote now for your industry stars to make it a…
  • RT @montysblog: Jokers! Exacerbating the Mortgage Prisoner problem! Treasury sells 66,000 UKAR mortgages to inactive lender Citi - Mortgage…

Read previous post:
Danny Belton
Exclusive: Legal and General Mortgage Club promotes Belton and recruits head of broker relationships

Head of lender relationships at Legal and General Mortgage Club Danny Belton has been promoted to drive lender strategy forward,...