Kent Reliance increases its 15% deposit buy-to-let mortgage rates
Kent Reliance for Intermediaries has increased the price of its 15% deposit buy-to-let mortgages by 0.2%.
The lender has raised its two-year fix from 4.99% to 5.29% and is now offering a new three-year fix at 5.59%.
Both mortgages have 6.8% APR’s and after the fixed rate periods they revert to 6.58%, the lenders current standard variable rate.
There are very few banks of building societies offering such low deposit buy-to-let rates, hence the reason why Kent Reliance charges a 2.5% mortgage arrangement fee. The minimum loan size is £100,000 and the maximum loan is size is £1 million.
Aaron Strutt, product manager at Trinity Financial, says: “The lender is also offering a slightly cheaper 15% deposit two-year discounted mortgage and it doesn’t have any early repayment charges, this means landlords can repay the mortgage at any time without paying a huge exit fee.
“Kent Reliance has been very popular with over the last few years because they are offering such a niche product.”
If you would like help to arrangement a low deposit buy-to-let mortgage, call Trinity Financial on 020 7016 0790.
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