Complete FS offers 85% buy-to-let

28 October 2011 | By Natalie Thomas

Mortgage distributor and packager Complete FS has launched an 85% buy-to-let product through Kent Reliance.

Available for purchases or remortgages, the rate is fixed at 5.99% for two years with a 1% fee.

The funding for these loans is offered on a tranche basis and applications are limited to two per client who must also be able to evidence a minimum income of £25,000. However, this lending is also available to UK Limited Companies.

Tony Salentino, director at Complete FS, says: “We have been working very closely with Kent Reliance and feel this latest product is a great example of a packager and lender combining their strengths to offer unique products to our intermediary partners”.

Tony Hall, head of distribution at Kent Reliance, says: “We are very pleased to be working with Complete to help develop our buy-to-let mortgage proposition. There has been a good response to our initial buy-to-let range and we are expecting the 85% LTV product to generate significant interest. Although the buy-to-let market is improving, there are still limited options in certain areas of lending and Kent Reliance is focussed on offering solutions and wider choice to landlords.”

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