Adrian Moloney

Kent Reliance lowers rates on new BTL products

Kent Reliance for Intermediaries has today (22nd September) launched a new range of BTL and residential products, including shared ownership.

The offering has “significantly lower rates”, in addition to the introduction of fixed arrangement fees on the residential range.

The highlights of the new product range include: 

  • new BTL products designed to support the limited company landlord, with rates from 3.04%
  • residential rates now from 3.29%, with fixed £995 arrangement fees
  • shared ownership rates from 4.04%.

The specialist lender — which is part of retail savings group OneSavings Bank — has also retained its large loan product range, offering loans of between £1m and £3m up to 75% LTV, with rates starting from 3.69%.

“The announcement today shows our continued commitment to our intermediary partners, even in today’s challenging environment,” said Adrian Moloney, group sales director at OneSavings Bank (pictured above).

“Kent Reliance for Intermediaries has always been a constant player within the market, and we will always strive to support our brokers in the best way that we can, by listening and adapting accordingly.

“Our experience and knowledge, combined with our common-sense lending, manual underwriting, and individual case assessments, means we are far better placed to help brokers find the BTL or residential loan they need for their client’s individual circumstances.”

Steve Olejnik, managing director at Mortgages for Business, added: “Kent Reliance for Intermediaries’ announcement of lower rates across a number of key product ranges is positive for the wider market and shows their commitment to providing good value to their customers.”

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