Reliance Bank has increased the maximum loan amount for all its key worker mortgage products and introduced a new two-year fixed rate 90% LTV key worker mortgage range.
The new product range has also been designed to increase the level of remortgage applications that are made to the Bank. It has added a new free basic mortgage valuation incentive for remortgages with properties valued up to £750,000.
It has also added key worker next-time buyer exclusive deals for 75%-90% LTV and removed the product fees on its remortgage product range.
Gareth Byrne, head of mortgages for Reliance Bank, said: “This latest range of products that Reliance Bank are offering via our intermediary and direct channels are designed to help increase the number of people who are looking to remortgage over to Reliance Bank, which is evident in the number of changes we have made to our mortgage product proposition.
“The Bank continues to support key workers with a range of mortgage requirements, and we have also listened to our intermediary partners with the introduction of a new two-year fixed rate 90% LTV key worker mortgage exclusive product.”