Mortgages...'the stress-free approach'

Your guide to help you make the right move, whether you are buying your first home, moving home or just wanting to move your mortgage, we will help make the process simple. We all know that buying a home can be stressful and there is so much involved... estate agents… solicitors...surveys...mortgages... and so much more to remember.

First find out what you are able to borrow. How much will we lend?

The amount we are prepared to lend will depend on your individual circumstances - we will look at your income and the value of the property you want to buy. We will always be happy to consider requests that fall outside these guidelines, but as a general rule we will consider lending:

Loan as a multiple of income:

• Sole applicant - 3.75 x salary
• Joint applicant - 3.75 x 1st salary plus 1 x 2nd salary or 2.75 x joint salary

AND

• Loan of 75% against the valuation or purchase price, whichever is the lower
• First time buyers only - applications for loans in excess of 75% LTV, may be considered on an individual basis
• Minimum loan £50,000

We are presently accepting mortgage applications for shared ownership purchases, subject to Reliance Bank Limited having a first charge over the property.

Which type of mortgage?

We offer 3 types of mortgage, all available on capital repayment or interest only.

• Fixed Rate Mortgage
• 5 Year Tracker Mortgage
• Home Mortgage Variable Rate

Move your mortgage without moving home

If you are considering switching your mortgage you may find that you could save money by re-mortgaging with us.

Mortgage Promise

If we give you a Mortgage Offer or an Agreement in Principle, it will be subject to:

• A satisfactory valuation or assessment of the suitability of the property to be mortgaged
• The information you have supplied us being correct

Interested? Call us on 020 7398 5440 or alternatively print the documents listed below and forward your completed application with supporting documentation to our office.

Additional information to consider

IMPORTANT INFORMATION

Our mortgages are subject to security and status. A legal charge will be taken over the property and we may also require to hold life policy documents.

Additional features of all Reliance Bank's mortgages

• Interest is calculated daily
• No higher lending charge
• Don’t have to bank with Reliance Bank to apply
• Personal service and management through to completion

For additional information click [here]

Try Our Loan Calculator