Reliance Bank has reduced key worker mortgage rates, including two and five-year fixed rates, while also introducing sub-five per cent mortgages.
Examples include its two-year fixed rate up to 75 per cent loan to value (LTV) with £1,499 fee, which has fallen by 5.3 per cent to 4.99 per cent.
Its two-year fixed rate with no fee up to 75 per cent LTV has decreased from 5.85 per cent to 5.29 per cent.
The lender’s two-year fixed rate with up to 90 per cent LTV with an arrangement fee has decreased from 6.5 per cent to 5.2 per cent.
Its two-year fixed rate up to 90 per cent LTV with no fee has gone down from 6.79 per cent to 5.7 per cent.
The firm’s three-year fixed rate with a fee up to 75 per cent LTV has decreased from 5.25 per cent to 5.01 per cent.
And its three-year fixed rate up to 75 per cent LTV with no fee has reduced from 5.84 per cent to 5.29 per cent.
Gareth Byrne, head of mortgages for Reliance Bank Ltd said: “We have significantly improved our rates to help Key Workers own a home. And this product range continues to offer cashback incentives for Key Worker Mortgage completions. This helps us deliver positive social impact.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
