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Near Prime 2 and 3 Further Advances



Near Prime Residential Further Advance mortgages from Kent Reliance offer your clients the opportunity to borrow more against their existing mortgage.

How to apply

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Use our table to select your client's product

   Near Prime 1 Near Prime 2  Near Prime 3
County Court Judgements  *   0 in the last 24 months
0 in the last 12 months
(1 in the last 24 months)
0 in the last 6 months (1 in the last 24 months)
Defaults *   0 in the last 24 months 0 in the last 12 months (1 in the last 24 months) 0 in the last 6 months(2 in the last 24 months)
County Court Judgments and Defaults IGNORED when ONE of the following Applies Satisfied >12 months
<£300 in total and satisfied prior to the application
Registered > 24 Months whether satisfied or not
Satisfied >12 months
<£300 in total and satisfied prior to the application
Registered > 24 Months whether satisfied or not
Satisfied >12 months
<£300 in total and satisfied prior to the application
Registered > 24 Months whether satisfied or not
Missed Mortgage/ Secured Loan Payments  0 in the last 12 months and currently up to date 0 in the last 12 months and currently up to date 0 in the last 6 months and currently up to date
Unsecured Arrears  2 in the last 12 months and currently up to date 2 in the last 12 months and currently up to date 2 in the last 12 months and currently up to date
Maximum Status Currently up to date. Previous Max status ignored Currently up to date. Previous Max status ignored Currently up to date. Previous Max status ignored
Communication, Utility & Mail Order Performance ignored where the account balance is less than £500 (Single or Aggregate) Performance ignored where the account balance is less than £500 (Single or Aggregate) Performance ignored where the account balance is less than £500 (Single or Aggregate)
Debt Management Plan Satisfactory conducted for a minimum of 12 months  Satisfactorily conducted for a minimum of 12 months Satisfactorily conducted for a minimum of 12 months
IVA/ DRO/ Bankruptcy  Not acceptable  > 6 years discharged > 3 years discharged 
Repossessions  Not acceptable  Not acceptable  Not acceptable 
 Max LTV 90%  85%  80%

* All CCJ's and Defaults must be paid prior to the application or must meet our ignore CCJ/Default Criteria

Near Prime 2: Product Detail

LTV Mortgage type Term Initial rate Product fee Early repayment charge* Product code
65% Discounted Variable11 2 3.94% 0.25% 3% in years one and two 01381 KFAR1804
65% Fixed 2 3.89% 0.25% 3% in years one and two 01382 KFAR1804
65% Fixed 5 4.29% 0.25% 5% in year one, 4% in year two, 3% in years three, four and five 01383 KFAR18F5    
75% Discounted Variable12 2 4.44%
0.25% 3% in years one and two
01384 KFAR1804
75% Fixed 2 4.39%
0.25% 3% in years one and two 01385 KFAR1804
75% Fixed 5 4.79% 0.25% 5% in year one, 4% in year two, 3% in years three, four and five 01386 KFAR18F5
85% Discounted Variable13
2 4.84% 0.25% 3% in years one and two
01387 KFAR1804
85% Fixed
2 4.79%
0.25% 3% in years one and two
01388 KFAR1804
85% Fixed 5 5.29%
0.25%  5% in year one, 4% in year two, 3% in years three, four and five
01389 KFAR18F5
112.39% | 121.89%| 131.49%

The Standard variable rate (the revert rate) is 6.33%. The standard variable rate is charged from the end of any initial specified deal.

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). CHAPS fee £25 payable at time of application. Please note that applications will not be processed until this fee is received.

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

These figures in the illustrations only relate to the additional borrowing amount. 

Download Further Advance guide

Please see the product terms and conditions.

Near Prime 3: Product Detail

LTV Mortgage type Term Initial rate Product fee Early repayment charge* Product code
65% Discounted Variable11 2 4.24% 0.25% 3% in years one and two 01390 KFAR1804
65% Fixed 2 4.19% 0.25% 3% in years one and two 01391 KFAR1804
65% Fixed 5 4.59% 0.25% 5% in year one, 4% in year two, 3% in years three, four and five 01392 KFAR18F5  
75% Discounted Variable12 2 4.84%
0.25% 3% in years one and two
01393 KFAR1804
75% Fixed 2 4.79%
0.25% 3% in years one and two 01394 KFAR1804
75% Fixed 5 5.19% 0.25% 5% in year one, 4% in year two, 3% in years three, four and five 01395 KFAR18F5
80% Discounted Variable13
2 5.24% 0.25% 3% in years one and two
01396 KFAR1804
80% Fixed
2 5.29% 0.25% 3% in years one and two
01397 KFAR1804
80% Fixed 5 5.69%
0.25% 5% in year one, 4% in year two, 3% in years three, four and five
01398 KFAR18F5
112.09% | 121.49%131.09%

The Standard variable rate (the revert rate) is 6.33%. The standard variable rate is charged from the end of any initial specified deal.

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). CHAPS fee £25 payable at time of application. Please note that applications will not be processed until this fee is received.

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

These figures in the illustrations only relate to the additional borrowing amount. 

Download Further Advance guide

Product terms and conditions

  • These mortgage 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 Key Facts Illustrations (KFI). 
  • The term of any additional borrowing must not exceed the term of the existing mortgage. 
  • Maximum loan is £1,000,000
  • Minimum loan is £15,000
  • 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.

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

YOUR CLIENT'S HOME MAY BE REPOSSESSED IF THEY DO NOT KEEP UP REPAYMENTS ON THEIR MORTGAGE


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