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Buy to Let Fee Assisted Remortgage

This product is not available through packagers.

Fee Assisted Buy to let remortgages from Kent Reliance allow private and portfolio Landlords remortgaging a standard property valued up to £500,000 and selecting a product below to:

  • Have their standard valuation fees refunded within 30 days of successful completion of their mortgage.
  • Benefit from a fee assisted conveyancing service from Optima Legal, resulting in a faster and more simplified legal process

Products are also available for Unencumbered properties and remortgages where additional borrowing is being sought.

If additional work is required by Optima your client will be responsible for these fees. See Additional Fees.

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Product detail - Standard

LTV Mortgage type Term Initial rate Product fee Early repayment charge Product code
65% Discounted Variable1 2 3.84% 1.50% No ERCs 01160 KBFE1704
65% Fixed 2 3.79% 1.50% 4% in year one, 3% in year two 01161 KBFE1704
75% Discounted Variable2 2 4.04% 1.50% No ERCs 01163 KBFE1704
75% Fixed 2 3.99% 1.50% 4% in year one, 3% in year two     01164 KBFE1704
75% Fixed 3 4.19% 1.50% 4% in year one, 3% in years two and three 01165 KBFE1704
75% Fixed 5 3.79% 2.00% 5% in year one, 4% in year two and 3% in years three, four and five 01166 KBFE17F5
80% Discounted Variable3 2 4.54% 1.50% No ERCs 01167 KBFE1704
80% Fixed 2 4.49% 1.50% 4% in year one, 3% in year two 01168 KBFE1704
80% Fixed 3 4.59% 1.50% 4% in year one, 3% in years two and three 01169 KBFE1704
80% Fixed 5 4.39% 2.00% 5% in year one, 4% in year two and 3% in years three, four and five 01290 KBFE17F5
85% Discounted Variable4 2 5.24% 2.50% No ERCs 01171 KBFE1704
85% Fixed 2 5.19% 2.50% 4% in year one, 3% in year two 01172 KBFE1704
85% Fixed 3 5.29% 2.50% 4% in year one, 3% in years two and three 01173 KBFE1704
85% Fixed 5 5.29% 2.50% 5% in year one, 4% in year two and 3% in years three, four and five 01291 KBFE17F5

12.99% |22.79% | 32.29% | 41.59%

Minimum loan £50,000. Maximum property value £500,000. Minimum property value of £75,000 is applicable. When the LTV exceeds 75% a minimum loan of £100,000 is applicable.

Loans over 80% LTV are not available for first time landlords.

The Buy to let variable rate (the revert rate) is 6.83%.

Application fee £130 payable at time of application. This is to cover assessing and processing the application (even if the application is unsuccessful or is withdrawn). Please note that applications will not be processed until this fee is received

All our products are subject to availability and may be withdrawn at any time.

ERCs may be incurred for full redemption or repayment of capital.

The following are excluded:

  • Standard BTL purchase
  • All specialist BTL applications
  • Property values greater than £500,000
  • Ex-Pat applications
  • Properties which are used wholly or in part for commercial purposes (other than as Buy to Let)
  • Cases where there is a defect or issue with the title where the firm takes the view that the customer needs to instruct their own solicitor
  • Cases where the customer has appointed an attorney to manage their affairs
  • Transfer cases where there is a material and irretrievable dispute between the parties
  • Cases where the customers own interests conflict with the banks interest

Product terms and conditions

For fees assisted remortgages, conveyancing is provided to Kent Reliance by Optima Legal.

The legal fees payable to Optima Legal acting on Kent Reliance’s behalf in connection with a remortgage will be paid by Kent Reliance. Please note, Optima Legal will act only upon Kent Reliance’s behalf.

Because this is a remortgage it is unlikely that the borrower will need any work undertaken on their behalf. If they require Optima to undertake additional work they must pay Optima the fee for doing it. Please note - this product is not available if the borrower wishes to use a solicitor other than Optima except that they may ask their own solicitor, at their own cost, to advise them on the terms of the mortgage. 

If the legal work for your client’s remortgage involves more than the straightforward standard conveyancing (for example, if your client wishes to carry out a transfer of equity or add/remove parties to the mortgage), your client will be responsible for the legal fees payable to Optima Legal in excess of the standard cost of conveyancing. If additional work is required by Optima your client will be responsible for these fees.

For fees assisted remortgages, the fee for a standard valuation is payable by your client on application and will be refunded by Kent Reliance within 30 days of Completion if (i) the remortgaged property is valued at or below £500,000 by Kent Reliance’s appointed valuer and (ii) the remortgage Completes. If your client wishes to instruct a valuer to carry out a Homebuyer’s valuation report or any more detailed valuation, your client will be responsible for such valuation fees and they will not be refunded.

  • These products are only available on a repayment basis. Interest-only or part repayment/ part interest-only may be available only by exception.  
  • At the end of any initial deal, the interest rate will revert to the Standard variable rate
  • The Standard variable rate can vary in line with the general level of interest rates and economic conditions.
  • If your client makes any lump sum payments or repays the loan within a special deal period, an early repayment charge may be payable. Please refer to the early repayment charge section of the table for details. Payments up to a maximum of £499 per month can be made without incurring an early repayment charge.
  • A list of our fees and charges accompanies all Mortgage Illustrations. 
  • The minimum mortgage term is 5 years and the maximum is 35 years.
  • Interest is added to the mortgage account for the period from the date the loan is made until the last day of that month. Thereafter, interest is charged monthly on the balance outstanding at the end of the last month. Payments in excess of the required monthly payment will have the effect of reducing the balance outstanding and the amount of interest to be paid.
  • These mortgage products are portable. Even if your client moves home during the initial special deal period of a mortgage, the remaining benefits (up to the outstanding balance of their existing mortgage) of that special deal can be transferred to their new mortgage with us, subject to our lending criteria at the time of any move. In this case, any early repayment charges will not be charged but the existing rate will not apply to any additional funds that your client borrows. 
  • All mortgage products are subject to availability of funds and can be withdrawn at any time.
  • ERC percentage based on the remaining capital balance.

For interest-only or part repayment/part-interest only, it is your client's responsibility to ensure they have sufficient funds available at the end of the term with which to repay the loan.

All loans are subject to availability, status, valuation and approval, and are available in England and Wales only. Applicants must be aged 18 or over. Maximum age at the end of the mortgage term is 85. Written quotations are available on request.

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) for general insurance intermediation and regulated mortgages


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