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  • Mortgages & Finance

    Kent Reliance - Product Changes

    With effect from 31 January 2019, Kent Reliance will be making changes to their core residential and buy to let mortgage ranges.

    Residential changes include:

    • Near-prime maximum loan limit increased from £500k to £1m for all ranges – loans over £500k will be subject to maximum LTV of 80%
    • Improvements to LTV thresholds on near prime 2 and near prime 3
    • Targeted price reductions across our prime product range
    • Price reductions on all shared ownership 2-year fixed products and new 5-year fixed products introduced
    • Interest-only asset-backed loans, now available for property values of £500k and a minimum loan of £50k.

    Buy to let changes include:

    • Reduction in minimum loan size to £50k for specialist buy to let, including limited loans and houses in multiple occupation (HMO) – please note that multiple units on a single freehold will still have a £75k minimum loan
    • Large loans now available from £750k
    • Removal of 3-year fixed rate products.

    If this is of interest, then contact Property Tribes Financial Services on 01206 654444 or advice@ptfs.co.uk

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    You can contact me via Direct Message, or 07788 219647 or call the team on 01206 654444 for personalised quote and advice