Reliance Bank is now offering a 4.99% rate on a 2-year fixed Key Worker mortgage, coupled with an £850 cashback incentive for completions.
This rate cut from the previous 5.30% and the added cashback position Reliance Bank as a supportive lender for key workers.
Further rate reductions include a drop to 5.29% from 5.85% for the no-fee 2-year fixed mortgage up to 75% LTV, and for higher LTVs up to 90%, rates have been cut from 6.50% to 5.20% with fees, and from 6.79% to 5.70% without fees.
The 3-year fixed mortgage rates for up to 75% LTV have also been lowered to 5.01% with an arrangement fee and to 5.29% without, marking a decrease from the old rates of 5.25% and 5.84% respectively.
