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.
At Reliance Bank, we do not offer advice or recommendation; we only offer an execution-only mortgage service. The following information gives an overview of our mortgage procedures and will help you decide whether a Reliance Bank Mortgage is suitable for you.
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:
We do not accept applications where applicants require borrowing to fund a deposit. For example, we will not accept funding or partial funding of a deposit by raising a personal loan.
Shared Ownership Purchases
We are presently accepting mortgage applications for shared ownership purchases, subject to Reliance Bank Limited having a First Legal Charge over the property.
Which mortgage is right for you?
Reliance Bank has the following mortgage products, and it is your decision which is suitable for your individual needs.
If you are interested in a Buy to Let Mortgage, please click here
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.
If we give you a Mortgage Offer or an Agreement in Principle, it will be subject to:
Additional information to consider
From 26 April 2014, The Financial Conduct Authority has established new rules for lenders and advisers in the UK. Reliance Bank is a responsible lender and abides by these new rules and regulations, offering an Execution-only mortgage service. This means that we can not provide any advice with our mortgages. For more information go to: www.fca.org.uk/getting-a-mortgage
For full details on our Mortgage Services, please refer to the pdf at the bottom of this page called 'About Our Services'.
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
Interested? Please call us for our Mortgage brochure on 020 7398 5440 or alternatively print the documents listed below and forward your completed application with supporting documentation to our office.