Available for purchases or remortgages, the rate is fixed at 5.99% (APR 6.9%) for two years with a 1% fee.
The funding for these loans is offered on a tranche basis and applications are limited to two per client who must also be able to evidence a minimum income of £25,000. However, this lending is also available to UK Limited Companies.
Tony Salentino, director at Complete FS commented:
“We have been working very closely with Kent Reliance and feel this latest product is a great example of a packager and lender combining their strengths to offer unique products to our intermediary partners”.
Tony Hall, Head of Distribution at Kent Reliance commented:
"We are very pleased to be working with Complete to help develop our buy-to-let mortgage proposition.
"There has been a good response to our initial buy-to-let range and we are expecting the 85% LTV product to generate significant interest.
"Although the buy-to-let market is improving, there are still limited options in certain areas of lending and Kent Reliance is focussed on offering solutions and wider choice to landlords."
