The deal has a 1% fee, rate of 5.99% and an APR of 6.9%.
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.
Tony Salentino, director at Complete FS, said: “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, added: “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.”
