Kent Reliance launches low LTV buy-to-let range
07-04-2016
By Peter Walker
The specialist lender stated deals are available to 65 per cent LTV on both two-year discount and fixed products across its entire buy-to-let range available up to loan sizes of £3m.
Created in response to demand from its broking partners, the products are also available for borrowers seeking to purchase or raise funds for HMOs, student lets or those seeking finance arrangements via a limited company or limited liability partnership.
|
LTV |
Type |
Rate |
Fee |
Max Loan |
|---|---|---|---|---|
|
65% |
2 year discount |
3.59%* |
1.50% |
£3m |
|
65% |
2year fixed |
3.79% |
1.50% |
£3m |
*Discount of 2.99% from 6.58% SVR
Adrian Moloney, sales director for Kent Reliance’s parent company OneSavings Bank, said throughout this year the group has continued to develop and release products that meet the needs of the professional property investors.
“Our brokers told us that our new, low LTV range must be available for their clients who manage their portfolios through limited companies and for those investing in HMO properties and I’m pleased to say we’ve delivered on that,” he stated.
David Hollingworth, associate director at London & Country Mortgages, said that as one of the few buy-to-let lenders that can offer deals above 75 per cent LTV, it is no surprise that Kent Reliance wants to add the balance of lower LTV products too.
“It’s a very competitive marketplace at the moment and these products certainly won’t win on rate, but should still find their uses when it comes to some of the specialist areas that Kent Reliance is known for, including for those buying through a limited company.”