KRFI announces rate reductions on selected buy-to-let products

Kent Reliance for Intermediaries has announced that it has lowered its rates on 2 and 5-year fixed, variable fee limited edition products. Lower rates have also been applied to the standard range which includes MUFBs.

Following the changes, 2-year fixes now start from 3.69%, with 5-year fixes from 4.39%. The lender has also reduced rates across all of its standard fixed products (up to 75% LTV) with choices between fixed or variable fee options.

In addition to this, the lender's buy-to-let product transfer range has also been refreshed which could help landlords save on their monthly repayments and avoid higher reversion rates.

Key highlights of the new product transfer include selected rates reduced by up to 40bps and a variety of fee options available - £0, 1% and 3%.

“As the leading buy-to-let specialist, we’ve boosted our support for brokers with landlord customers who are looking to minimise their costs and secure affordable fixed rates for their investments," said Adrian Moloney, Group Intermediary Director, OSB Group adding, "Our award-winning BDMs work closely with our expert team of underwriters who manually review each case with a “look to lend” focus so brokers can be confident that if there’s a way to lend, then we’ll do our upmost to make the case fit.”