Reliance Bank improves residential mortgage range

Reliance Bank has launched its new residential mortgage product range to both the intermediary market and direct to customers.

As part of the refresh, the bank has introduced a new house purchase and remortgage five-year fixed rate range, subject to a minimum loan amount of £125,000.

It has also introduced a minimum qualifying loan amount of £125,000 for its key worker mortgages and £75,000 for its shared ownership mortgages.

Meanwhile, it has maintained an £850 cashback incentive for all shared ownership and key worker mortgage completions.

Gareth Byrne, head of mortgages for Reliance Bank, said: “Our residential mortgage range is designed to have a positive social impact, that’s why I am delighted that we continue to provide cashback incentives for both shared ownership mortgage completions and key worker mortgage completions.”

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