Kent Reliance launches 15% deposit interest-only mortgages

by Aaron Strutt

Feb 18 2015

Kent Reliance for Intermediaries has launched a range of interest-only mortgages for borrowers with £500,000 plus properties.

Many lenders offer interest-only mortgages but they don’t lend up to 85% loan-to-value. They typically lend between 50% and 75% loan-to-value.

These new mortgages are available to borrowers with assets in the background, such as equity in other properties or investments that can be used to repay the capital in the future.

Kent Reliance’s rates are more expensive than the interest-only mortgages available across the high-street and their arrangement fees are higher, but this is another option for wealthier borrowers looking to secure a mortgage.

If you would like help to secure an interest-only mortgage, call Trinity on 020 7016 0795.