Kent Reliance updates buy-to-let ranges
Kent Reliance has made changes to its buy-to-let mortgage range.
Large loans are now available from £750,000, when it was previously £1m and Kent Reliance has removed the 3-year fixed rate product.
Adrian Moloney, sales director, OneSavings Bank, said: “As the leading specialist lender, we’re constantly adapting and fine tuning our mortgage proposition to ensure it remains relevant and reflects the needs of our broking partners.
“These product changes, especially the large loan reduction to £750,000 and the reduction in minimum loan size to £50,000, shows that we have the appetite and ability to offer varied complex solutions for specialist brokers throughout the UK and not just the south east.”
There’s been a reduction in minimum loan size to £50,000 for specialist buy-to-let, including limited companies and houses in multiple occupation (HMO). Multiple units on a single freehold will still have a £75,000 minimum loan.