Kent Reliance Revamps Buy-to-Let Offering with New Products and Lower Rates

Kent Reliance for Intermediaries, a division under the OSB Group, has rolled out several new buy-to-let (BTL) mortgage products while making significant cuts to existing rates. This move is set to make property investment more accessible and appealing, particularly for landlords and real estate investors.

Kent Reliance has announced key updates to its BTL product range, which include:

Reduced Interest Rates: The company has lowered the rates for its 75% loan-to-value (LTV) mortgages, making these loans cheaper and therefore more attractive to borrowers.
New Lower LTV Options: For those seeking lower-risk investments, new 55% and 65% LTV options are now available. These are particularly beneficial for investors looking to lock in lower rates with a higher initial equity stake.
Introduction of Large Multi-Unit Freehold Blocks (MUFBs): In response to market demand and broker feedback, Kent Reliance now offers financing for large MUFBs that include up to 20 units as a standard offering. This expansion is a significant development for investors interested in larger real estate projects.

Adrian Moloney, Group Intermediary Director at OSB Group, expressed enthusiasm about the updates. “We’re delighted to be able to lower our rates for 75% LTV options making them more competitive while also introducing 55% & 65% LTV options for 5-year fixed rates,” he said. Moloney highlighted that these changes are a result of careful consideration of broker feedback and a recent enhancement of their HMO (Houses in Multiple Occupation) criteria. The new offerings are expected to provide brokers and landlords with increased flexibility and more competitive options in a rapidly evolving market.

Matthew Rowne, Director at The Buy To Let Broker, also praised the new changes. “It’s wonderful to see Kent Reliance at the forefront of specialist lending,” Rowne commented. He noted the competitive pricing for larger MUFBs and the new lower LTV products that allow landlords to secure market-leading rates. According to Rowne, these innovations from Kent Reliance have come at a critical time, helping to support the private rented sector (PRS) amid challenging economic conditions and governmental challenges facing landlords.