Rely and YBS unveil new buy to let ranges

Two major lenders have launched fresh buy to let offerings designed to speed up the mortgage process and simplify life for brokers and landlords.

OSB Group has officially rolled out its new dedicated BTL lender, Rely, which aims to serve everyone from first-time landlords to seasoned portfolio investors.

The brand’s arrival marks a major strategic shift for the group, with Precise Mortgages refocusing on residential and bridging deals, and the Kent Reliance for Intermediaries name set to be phased out for new business.

Rely offers BTL choice

Brokers can register with Rely through a quick four-minute process, gaining access to its digital platform and product range.

The lender’s technology, built with 18 partner integrations, promises faster turnaround times, reduced paperwork and no separate legal panel for limited companies.

OSB’s group intermediary director, Adrian Moloney, said: “Rely provides brokers with simpler, faster and more predictable lending journeys as well as offering product choice, value and confidence across a broad range of buy to let scenarios.

“In our opinion, Rely is an absolute game changer that utilises technology to do the ordinary, whilst freeing our people to do the extraordinary.”

YBS’ fast track BTL range

Meanwhile, YBS Commercial Mortgages has unveiled its Fast Track buy to let range, promising to issue offers subject to valuation within five working days for eligible cases.

The Fast Track service targets experienced landlords with straightforward applications, standard-construction properties over 35 square metres, and EPC ratings of A to C.

By focusing on lower-risk cases, YBS says it can offer faster decisions, cheaper rates and reduced documentation requirements.

Eligible loans range from £500,000 to £3 million on an interest-only basis.

Clarity for landlords

There are two five-year fixed options available: up to 65% LTV at 4.40% with a 2% fee, or up to 75% LTV at 4.60% with a 2% fee.

Borrowers can also use Title Insurance, where applicable, for quicker completions.

The lender’s managing director, Angela Norman, said: “The new service level agreement tailored specifically for this new product means we can provide clarity and certainty even earlier in the application process for those with more straightforward cases.

“This move also demonstrates our ongoing commitment to making improvements which enhance the customer journey wherever possible.”