MortgagesOct 23 2014

Kent Reliance introduces residential ‘large loans’

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Specialist mortgage provider Kent Reliance has today (23 October) announced major changes to its mortgage range.

Following a comprehensive review, the portfolio now includes a new large loan residential range, along with new standard and specialist buy-to-let large loan products for landlords looking to borrow more than £1m.

There is also a new shared ownership range, including 100 per cent lending available against the share.

John Eastgate, sales and marketing director at parent firm OneSavings Bank, said the review was used as an opportunity to strengthen the large loan and affordable housing market proposition.

“Our 75 per cent loan-to-value large loan product has been very successful and we are confident that the introduction of an 80 per cent LTV option will be equally well received by brokers.

“These loans will continue to be reinforced by our flexible underwriting and assessed on a case by case basis as this approach has resonated well with our intermediary partners.”

peter.walker@ft.com