Kent Reliance launch 95pc remortgage option

Rates include a range of 2 and 3-year fixed and variable mortgages starting from 4.75% with a £1,000 fee.

John Eastgate, sales and marketing director, OneSavings Bank plc, said: “We are delighted to announce that from today, Kent Reliance will be extending its MIBS scheme to include remortgage options for borrowers who purchased their home via a new build shared equity scheme.”

The specialist mortgage provider offers a range of 95% loan to value mortgages through the mortgage indemnity guarantee scheme, facilitated by M.I. Business Solutions and Kent Reliance.

Tony Ibson, director of MIBS, said: “This is a great addition to our product range and will help borrowers to remortgage up to 95% loan to value to repay their Shared Equity debt.

“As more borrowers begin to plan the repayment of their equity loans we are delighted to be partnering with Kent Reliance in an area of the market where there are currently very few choices for borrowers.”