Kent Reliance for Intermediaries, part of OSB Group, has introduced new buy-to-let (BTL) products and reduced rates.
The newly launched products include reduced 75% loan-to-value (LTV) rates, as well as lower LTV options at 55% and 65% LTV for 5-year fixed rates.
In addition, the lender has launched new large multi-unit freehold block (MUFB) products, for properties of up to 20 units.
Adrian Moloney (pictured), group intermediary director at OSB Group, said “We’re delighted to be able to lower our rates for 75% LTV options making them more competitive whilst also introducing 55% and 65% LTV options for 5-year fixed rates.
“And that’s not all, we’ve been listening closely to broker feedback and following the enhancements to our adapted HMO criteria recently, Kent Reliance for Intermediaries can now support large MUFBs (up to 20 beds as standard) in its BTL range.
“These improvements offer flexibility and increased options for brokers, which is essential in such an evolving market.”
Matthew Rowne, director at The Buy To Let Broker, said: “With the introduction of these new products, it really is wonderful to see Kent Reliance at the forefront of specialist lending, once again in the vanguard of product development.
“The specialist pricing at 75% LTV, and especially for the much larger MUFB’s is hugely competitive, and the introduction of products at both 55% LTV and 65% LTV, provides opportunities for obtaining market leading rates for our landlords where gearing remains relatively low.
“Kent Reliance have continued to be innovative through 2024, and work collaboratively with key partners, consistently offering lending solutions that provide landlords with a myriad of funding options – an effective life jacket to the PRS, in the face of inequitable governmental obstacles facing the modern landlord.
“We remain enthused that Kent Reliance is striving to keep evolving their proposition, and to help support brokerages, landlords, (and the wider PRS), in what has been a challenging economic vista.”
