Brokers updates

Apr 12 2018 - Increase in 5-year fixed rates

What will be changing?
/
Kent Reliance

Increase in 5-year fixed rates for
Standard and Specialist BTL products


Hello

From 17 April 2018, we will be increasing our 75% and 80% LTV 5 year fixed rates for BTL Standard and BTL Specialist products. The new rates will now start from 3.99%.

All other products will remain unchanged.


View our full list of new and withdrawn products below:


Pipeline application dates


Brokers

All applications with fees must be submitted and at a case status of 'Full Application Submitted' by 5pm on 16 April 2018.

No applications or AIPs will be accepted after this date for the withdrawn products.


Packagers

Please ensure that any submitted AIPs on withdrawn products are at an 'Accept' and the case is at a status of 'AIP Illustration Produced' by 5pm on 16 April 2018. After this date we will not allow new or expired AIPs to be converted to full application on the withdrawn rates.

              

'AIP Illustration Produced' means you have an Accepted AIP and have produced a Key Facts Illustration for the product to be withdrawn.

 

Please ensure that applications for these products must be fully packaged (including valuations) and be at a case status of 'Full Application Submitted' by 5pm 1 May 2018 to secure the withdrawn products. After this date, new products must be selected.

Please provide the following documentation on all applications

  • Signed applicant declaration
  • Signed insurance declaration
  • Fully completed Direct Debit Mandate
  • Proof of income

If these documents are not supplied this will lead to a delay in assessing your client's mortgage application and may result in the product being unavailable.

The new and replacement products will be available from 9am 17 April 2018.

   

Please note that post offer product switches are subject to a £30 fee and may delay completions. For more information, please contact your Business Development Manager.

    

Kind regards


Adrian Moloney

Sales Director

          

Kent Reliance - OneSavings Bank plc


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krbs, Kent Reliance Banking Services and Kent Reliance are trading names of OneSavings Bank plc. OneSavings Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (registered number 530504). Registered in England and Wales (company number 7312896).

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© OneSavings Bank plc 2018.
krbs, Kent Reliance Banking Services and Kent Reliance are trading names of OneSavings Bank plc. Registered in England and Wales (company number 7312896). Registered office: Reliance House, Sun Pier, Chatham, Kent, ME4 4ET. OneSavings Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (registered number 530504). We subscribe to the Financial Services Compensation Scheme and the Financial Ombudsman Service.

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