Kent Reliance launches new flexible residential range
Kent Reliance for Intermediaries has launched a new residential mortgage range to support brokers with clients who need flexibility around complex income streams and where appropriate, could deploy the use of higher income multiples.
"We could provide a common sense solution even if the case falls outside of standard criteria, with the ability to support a wide range of client types and differing income considerations."
This may include professionals with sustainable incomes that will increase due to attaining professional qualifications, clients who provide evidence of regular bonuses and/or those with more than one form of income.
The new range is available up to 95% LTV with rates starting from 4.29% on a maximum loan size of £1.5m.
Adrian Moloney, intermediary director at OSB Group, said: “Now more than ever, the value of a specialist mortgage broker cannot be overlooked, especially for clients who may already be paying high monthly rents, but are unable to access home ownership through the high street as they need a multi-income stream to be considered.
“At Kent Reliance for Intermediaries, our underwriters are widely acknowledged as having best-in-class service as well as outstanding knowledge. Our expertise means we could provide a common sense solution even if the case falls outside of standard criteria, with the ability to support a wide range of client types and differing income considerations.
“This new flexible residential range is another example of us working with our broker partners and using our in-house expertise to handcraft positive lending solutions for clients.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Budget
Budget: Government introduces mansion tax on high-value homes
Budget
Budget: Government introduces £2,000 salary sacrifice cap
Lifetime Isa
Budget: Lifetime ISA to be scrapped in favour of new first-time buyer ISA
Budget
Budget: Property income tax to rise by 2%
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
Santander
Santander joins mortgage price war with new rates from 3.51%