Kent Reliance for Intermediaries has increased the maximum loan to value (LTV) limits across its ranges of prime and near prime residential mortgages, and buy-to-let products.
The lender has increased the LTV on its prime and near prime residential mortgages to 90% and 85% respectively, and up to 80% on its buy-to-let mortgages.
Key features of the ranges include:
Prime residential
- Rates from 3.24%
- Max LTV increased from 75% LTV to 90% LTV
- Loans up £3 million available
- Interest only option available to 85% LTV
Near prime residential
- Rates from 3.49%
- Loans up to £3 million available
- Max LTV increased from 75% LTV to 85% LTV
Buy-to-let
- Rates from 2.99%
- Loans up to £3 million available
- Single, HMO, MUB applications accepted on the same rates
- Available to all borrowers – individual, first time landlords, limited company, LLPs
- Removal of LTV restrictions for larger specialist deals
Adrian Moloney (pictured), group sales director, Kent Reliance for Intermediaries, said: “This exciting new range of products gives brokers and their clients a much wider range of options.
“The higher LTV limits on our residential mortgages are ideal for those specialist cases which require a more manual underwriting approach, whilst our new buy-to-let range of products is suitable for first time and more experienced landlords alike.
“With our award winning business development managers on hand to guide brokers towards the best lending solutions for their clients, combined with our flexible underwriting and individual case assessments, we really can help with those cases that need an expert approach.”