Kent Reliance announce launch of new residential product range

Kent Reliance has announced that it is launching new residential prime and near prime ranges that are available to first-time buyers starting from 3.19% up to 90% LTV.

Related topics:  Finance
Warren Lewis
28th March 2018
Mortgage Contract

According to the lender, criteria changes include removing minimum income from contractor mortgages and the removal of the professional requirement for one year self-employed applicants, whether the customer is applying for a prime or near prime product.

The three distinct near prime ranges will also have no value limits on CCJs, arrears or defaults.

Adrian Moloney, sales director at OneSavings Bank, said: “Kent Reliance is open for residential business. Having been synonymous with specialist buy-to-let lending, and rightly so, for some time, we’re bringing the same skill set and specialist underwriting expertise to the residential market. The new residential prime and near prime ranges, featuring 90% LTV and wider criteria, signals our clear ambition to be a competitive player in this market.

We are taking this move very seriously so I’m delighted that our key intermediary partners are fully behind this move, especially with support for our near prime range by our selected packager partners. Not only does this open access for the whole market, but they will also be able to provide great levels of service.”

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