Kent Reliance launches products for LLP clients

Kent Reliance will now lend to clients who are looking to borrow through a Limited Liability Partnership.

Related topics:  Mortgages
Rozi Jones
5th May 2016
BTL house signs buy to let

This includes borrowers who wish to switch a BTL asset from an Individual name into an LLP.

Providing loans to non-trading LLPs is now part of its standard lending policy. New applications will need to provide evidence that the company is non-trading and personal guarantees for 100% of the loan must be provided by all LLP members.

Adrian Moloney, Sales Director for OneSavings Bank, said:

“Following the Chancellor’s recent changes we introduced products designed specifically for property investors who were moving their investments into a limited company. We are pleased that we can now extend the same proposition to support LLPs.”

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