With effect from tomorrow, 10 May, Kent will introduce new products with rates starting from 3.79%, including standard buy-to-let and specialist products ranging from 75% to 85% loan-to-value (LTV) for periods between two and five years.
Kent, part of OneSavings Bank, has also withdrawn a number of specialist and standard buy-to-let products within the same range. Its minimum loan value has dropped from £100,000 to £75,000 for most products.
Last week Kent Reliance began lending to clients looking to borrow through a Limited Liability Partnership (LLP) on a purchase and remortgage basis.
It has also been announced that Kent Reliance will now provide a range of products through Paradigm, including buy to let, limited company, shared ownership and interest-only.