Specialist lender Kent Reliance for Intermediaries (KRFI), part of the OSB Group, has launched two new limited edition mortgage ranges designed to support landlord customers. These products are aimed at providing more affordable options and increasing flexibility for landlords seeking competitive rates and reduced costs.
The first limited edition range offers a fixed fee structure with lower fees starting at £799. This range features both 2-year and 5-year fixed rate options, with loan-to-value (LTV) ratios of 75% and 80%. Loans can range from £100,000 to £750,000, providing a variety of options for landlords with different needs.
The second limited edition range focuses on offering lower rates, starting from 3.99%, which can lead to reduced monthly repayments and potentially greater borrowing capacity for landlords. This range is available across a number of low LTV bands, including 55%, 65%, 70%, and 75%, with loans also ranging from £100,000 to £750,000.
Both ranges provide flexibility for landlords, with 2-year and 5-year fixed low-rate options available. These limited edition products are designed to give landlords access to competitive terms while also offering a structured way to manage costs over the term of the loan.
With these new offerings, KRFI is helping to address the growing demand for affordable finance among landlords, particularly in a market where interest rates and fees can vary greatly. The availability of loans across multiple LTV bands means that landlords with different levels of equity in their properties can still access these competitive deals.
Landlords interested in these limited edition ranges should act quickly, as the products are only available for a limited time. This presents a valuable opportunity for landlords to secure favourable terms before the ranges are discontinued.
An OSB spokesperson shared insights about the company’s decision to launch two limited edition mortgage ranges, saying, “Following recent changes to the Bank of England Base Rate, as well as current marketplace conditions, we are pleased to introduce these new products. With the changing landscape, we recognise the challenges that landlords are facing, and our goal is to ensure that we are supporting brokers and their customers in the best way possible.”
The spokesperson went on to emphasise the importance of staying attuned to market conditions, stating that they have been closely monitoring the ongoing shifts in the industry. “We are aware that the situation landlords find themselves in has become increasingly complex, and this is something we take very seriously. We want to make sure that we are doing everything we can to provide the right financial products to help landlords navigate these challenges.”
With an understanding that landlords’ needs can vary based on several factors, the spokesperson explained how location plays a key role in the choice of financial products. “Landlords with property portfolios based in London and the South East, for instance, may find that our range offering lower rates could be the ideal financial solution for them. These areas have unique market conditions that make such products particularly beneficial to those managing properties in these high-demand regions.”
However, the spokesperson also recognised that landlords across other parts of the country may have different financial requirements. “For those with properties across the Midlands or the North of England, we believe the range with lower fees may be more suitable. These areas have a distinct property market, and we want to ensure that the products we offer align with the needs of landlords in these regions.”
In conclusion, the spokesperson reinforced the company’s commitment to understanding the diverse needs of landlords and adapting to their specific circumstances. “We aim to provide a tailored service, offering flexibility and choice to brokers and landlords alike. By staying attuned to the varying needs across different regions, we hope to make it easier for landlords to find the financial solutions that best meet their requirements, regardless of their location or portfolio size.”
Download NOW
4 Simple Steps To Becoming Wealthy Through Property