Reliance Bank announce the launch of a key worker mortgage product offering.

One of the key worker mortgage products has a 90% loan to value (LTV).

The bank says it anticipates demand will be high so the product range could be withdrawn at any time.

In order for the rate to be secured, the mortgage application would have needed to progress to Full Mortgage Application stage (FMA).

There are fee and fee-free options and a free valuation for first-time buyers.

The up to 75% LTV product can be utilised for both house purchase and remortgage lending customers.

Gareth Byrne, head of mortgages for Reliance Bank, said: “I am pleased that we have been able to launch this new exciting proposition to the UK mortgage marketplace. We are keen to help key workers who are looking to purchase or remortgage their own home. We see this as another step in our ongoing journey to provide a positive social impact.”