KRFI offers new BTL products to support landlords

Kent Reliance for Intermediaries (KRFI), part of the OSB Group, has introduced two new limited edition buy-to-let (BTL) product ranges to assist brokers in supporting their landlord clients.

The first range, designed to offer affordability, features lower fees starting at £799. Key features of this range include:

• 2-year and 5-year fixed-rate options
• 75% and 80% loan-to-value (LTV)
• Loan amounts between £100,000 and £750,000, across three tiers.

Lower interest rates

The second range focuses on lower interest rates, beginning at 3.99%, which could result in reduced monthly repayments and potentially increased borrowing capacity for landlords. This range offers:

• Availability across low LTV bands of 55%, 65%, 70%, and 75%
• Loan amounts between £100,000 and £750,000
• 2-year and 5-year fixed low-rate options.

‘Complex landscape landlords are facing’

Adrian Moloney, the group intermediary director at OSB Group, said: “In response to recent changes in the Bank of England Base Rate and current market conditions, we are pleased to introduce these limited edition products.

“We understand the complex landscape landlords are facing and aim to provide the best possible support to brokers and their clients.

“By tailoring our offerings to different regional needs, we can cater to landlords across the UK, whether they have properties in London and the South East or the Midlands and North of England.”

Molo lowers its five-year fixed BTL rates

Meanwhile, Molo Finance has announced a reduction of up to 14 basis points on its UK resident five-year fixed rate buy to let products.

Rates for standard BTL products now start at 4.81% for both individual and limited company landlords, with financing available up to 75% LTV.

Specialist BTL products, including options for HMOs, MUFBs, holiday lets and new-build properties, start at 4.95%.

Martin Sims, Molo’s distribution director, said: “We’re pleased to announce these rate reductions on our UK resident five-year fixed-rate products, both standard and specialist.

“This demonstrates our commitment to providing competitive and flexible solutions to our intermediary partners and their clients.”

For assistance with any type of buy to let (BTL), property or commercial finance please complete the contact form below: