| Complete FS launches 85% Buy To Let |
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National 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% (APR 6.9%) 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, commented: “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”. For full information on Complete, firms should visit www.cmls.co.uk Tony Hall, Head of Distribution at Kent Reliance, commented: "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". |
