View more on these topics

Kent Reliance launches 95% LTV loan for second steppers

Kent Reliance has launched a 95 per cent loan-to-value mortgage aimed at second steppers, which it is calling the next time buyer mortgage.

The loan is a five-year fixed rate at 5.29 per cent and is available to employed and self-employed professionals who require a loan between £300,000 and £1m.

To qualify for the product, borrowers will have to have held a residential mortgage for a minimum of three years and have an income of at least £75,000.

It is only available to members of the Kent Reliance broker panel.

Sales and director John Eastgate says: “We believe in meeting market demands; there are a number of professional people living in properties that they have perhaps outgrown or just want to move on from but can’t because they don’t have a big enough deposit for their next home. Our new product will meet this need by offering up to 95 per cent LTV.”


Ex-cabinet minister Fox says abolish CGT for up to five years

Former Conservative cabinet minister Liam Fox has called on the Government to scrap capital gains tax for up to five years to boost economic growth ahead of this month’s Budget. Speaking to the Institute of Economic Affairs last week, Fox said he would like to see CGT suspended and then “reintroduced at a more sensible […]

Gross lending tops £152bn in 2012

Gross mortgage exceeded £152bn in 2012, according to new figures released last week from the FSA. In its most recent mortgage lending data, a survey of some 300 lender and mortgage administrators, the regulator said lenders advanced £39.4bn in the fourth quarter, compared with £39.6bn in the third quarter and £36.4bn and £36.9bn in Q1 […]


News and expert analysis straight to your inbox

Sign up
  • Post a comment
  • paul jones 26th March 2013 at 12:02 pm

    what a load of cr@p. might as well give me a 100% mortgage but to qualify, you must be the pope. both would / will fail.

  • thinkaboutit 22nd March 2013 at 3:21 pm

    Lets do the maths. A 5% deposit on a £300k loan is £15k. Are kent really saying that someone earning ‘at least’ £75k cant save more than a £15k deposit?