The range includes a two-year fixed rate up to 75 per cent loan to value (LTV) with a £995 fee of 5.3 per cent, and with no fee the price is 5.85 per cent at the same LTV.
There is also a two-year fixed rate at 90 per cent LTV with a £995 fee priced at 6.5 per cent and with no fee at the same LTV tier is 6.79 per cent.
The lender has added a three-year fixed rate up to 75 per cent LTV with a £995 fee priced at 5.25 per cent and with no arrangement fee the price is 5.84 per cent.
To qualify for a mortgage, at least one mortgage applicant must be a Salvation Army employee, NHS Worker, charity worker, health care professional, social worker, childcare professional, pharmacist, police officer, fire fighter, GP, dentist, teacher or anyone employed in the education sector, prison staff, TFL and other transport worker and postal services barring couriers.
Applications for this product range must complete before 31 March 2024.
The deals come with cashback of £850, which is paid to applicants within 60 days of completion and the minimum loan amount is £125,000.
The products are portable and allow 10 per cent overpayments per year without incurring early repayment charges.
The product end dates are set for February 2026 for two-year fixed rate products and 2027 for three-year fixed rate products.
Gareth Byrne, head of mortgages for Reliance Bank, said: “We have improved our rates to help Key Workers own a home. And this product range continues to offer cash back incentives for Key Worker Mortgage completions. This helps us deliver positive social impact.”
