Kent Reliance launches 85% LTV buy-to-let deals
Kent Reliance has launched two new buy-to-let mortgage deals, available up to a maximum of 85% loan to value.
The lender is offering at two-year discounted variable rate charged at 5.49% and a three-year discount at 5.69%. After the discounted period the rate payable reverts to Kent Reliance’s Standard Variable Rate, which is currently 6.58%.
There is a product fee of 2.5% of the loan amount and an admin fee of £130 is payable on application.
Monthly rental income must equate to at least 125% of the interest-only mortgage payment.
The maximum loan size is £350,000, and applicants must have a minimum income of £25,001.
These deals are also available for Houses in Multiple Occupation, at the higher interest rates of 5.79% and 6.19%.