Kent Reliance, a member of the OneSavings Bank group, has recently announced that the option to remortgage a property from day one will now be offered to all intermediaries for residential and buy-to-let loans.
Previously customers who had bought a property with their own funds or through another lender, would have needed to wait until they had owned their property for six months before being able to remortgage with the bank.
Kent Reliance has said that this innovation will primarily benefit those customers who, for example, had to purchase a property within a limited timescale or via short-term lending, such as though auction.
OneSavings Bank sales director Adrian Moloney said: “We are constantly looking at ways to strengthen our mortgage product offering in a way that provides our brokers and their clients with the best possible choice, by introducing this option, those cash buyers previously unable to access a mortgage will now be able to do so easily and quickly, freeing up capital to make necessary changes or renovations – or invest their money elsewhere.”
AI, finfluencers and the future of broking
The mortgage industry is evolving faster than ever. In this MoneyAge video, we examine the opportunities and challenges redefining the broker landscape, from AI-powered lending and changing customer expectations to housing affordability, property supply and the rise of financial influencers. Our guest from Chorley Building Society shares practical insights on what brokers need to do to stay relevant and thrive in a rapidly changing market.
Perenna and the long-term fixed mortgage market
Content editor, Dan McGrath, spoke to head of product, proposition and distribution at Perenna, John Davison, to explore the long-term fixed mortgage market, the role that Perenna plays in this sector and the impact of the recent Autumn Budget
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories