Reliance Bank has updated its key worker mortgage product range.
The bank says its range has been designed to support home ownership amongst a number of essential key worker occupations within the UK.
One of the key worker mortgage products has a 90% loan to value (LTV) and Reliance Bank anticipates demand will be high. With that in mind, it is asking IFAs and brokers to regularly check its website because this product range could be withdrawn at any time. An AIP does not secure a formal mortgage offer.
Gareth Byrne – head of mortgages at Reliance Bank, said: “I am pleased that we have been able to launch this new exciting proposition to the UK mortgage marketplace.
“We are keen to help key workers who are looking to purchase or remortgage their own home. We see this as another step in our ongoing journey to provide a positive social impact.”