Reliance Bank revamps mortgage proposition

Published on

Reliance Bank has refreshed its mortgage product range and maintained cashback incentives for key worker mortgage completions and shared ownership mortgage completions.

Key worker mortgage applicants now receive £400 cashback within 60 days of the date of mortgage completion with Reliance Bank. Cashback does not apply to cases where the borrowing amount is less than the £125,000 qualifying loan amount.

Shared ownership mortgage applicants receive £850 cashback within 60 days of the date of mortgage completion with Reliance Bank. Cashback does not apply to cases where the borrowing amount is less than the £75,000 qualifying loan amount.

All end dates have been extended to 30th November (30/11/2024 for all two-year fixed rate products and 30/11/2027 for all five-year fixed rate products).

Gareth Byrne (pictured), head of mortgages for Reliance Bank, said: “Its good to re-enter the market after a period of time spent improving service levels. I am pleased that we have maintained our cash back incentives for both Key Worker mortgage completions and Shared Ownership mortgage completions.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Crystal hails Goldberg’s impact and welcomes Together leadership plan

One of the UK specialist finance sector’s most prominent distribution firms has paid tribute...

The Exeter reveals 2024 health, income protection and life payouts

UK mutual health and protection insurer The Exeter paid out £61 million in claims...

Tandem reports record green lending as customers cut 70,000 tonnes of CO₂

Tandem Bank has published its most comprehensive ESG report to date, disclosing that it...

HTB provides £20m+ facility for land portfolio refinancing

Hampshire Trust Bank has completed a development finance facility in excess of £20m to...

Davisons Law joins conveybuddy panel

Conveyancing distributor conveybuddy has announced that West Midlands-based Davisons Law has joined its panel...

Latest opinions

A home shouldn’t be out of reach for those who keep the UK running

In a housing market that has grown steadily more selective, it is often those...

Richard Pike: A conference of positivity – Global ABS Day three

It’s time for reflection of the last three days here in Barca. To readers,...

Maximising embedded value and delivering a great service

While advisers understand the importance of looking after existing clients, nurturing your back book...

Open banking and smart data transformed finance – now it’s time to do the same for property

The UK is set for a 'smart data' revolution, a revolution which began with...

Other news

Crystal hails Goldberg’s impact and welcomes Together leadership plan

One of the UK specialist finance sector’s most prominent distribution firms has paid tribute...

The Exeter reveals 2024 health, income protection and life payouts

UK mutual health and protection insurer The Exeter paid out £61 million in claims...

Tandem reports record green lending as customers cut 70,000 tonnes of CO₂

Tandem Bank has published its most comprehensive ESG report to date, disclosing that it...