Kent Reliance launches mortgages for self-employed
The pair of products have two-year discounted rate periods, available up to 75% loan to value (LTV) at a rate of 4.99% and up to 80% LTV at 5.49%.
Brightstar said ithe new range was aimed at customers who did not wish to be tied into a long-term arrangement, particularly self-employed borrowers.
The deals have no early redemption penalties and require one year’s worth of accounts alongside a projection of future earnings.
Brian Leppard, head of specialist first charge at Brightstar, commented: “Brightstar has built a reputation for being fast out of the blocks to bring the best products to intermediaries and thanks to Kent Reliance these mortgages project great value, have the minimum of restrictions and will appeal to self-employed clients of discerning brokers.”
John Eastgate, sales and marketing director at Kent Reliance, added: “Brightstar asked us to respond to the need for keenly priced mortgages to benefit both buyers and remortgagors, and particularly self-employed clients.
“Entrepreneurs who are in the early stages of establishing their businesses are rarely at the forefront of lenders’ thinking. This product aims to provide mortgages for those aiming to be the wealth creators of the future.”