Existing Customers – Product Transfer

To help you work out how much you can borrow, we’ve provided a handy calculator below. Check how much you could borrow. It'll only take a few minutes.

*The amounts quoted are not a mortgage offer, they are only to give you an indication. You then have the option to make a full application if you choose to. When you complete the full application, we’ll do credit checks and ensure that you meet our lending criteria.

Important Information – All amounts quoted are for illustrative purposes only and all mortgage applications are subject to robust credit and affordability checks and the actual amount we will lend will depend on a credit assessment being made. If you have any ongoing credit commitments these will be taken into account and may affect the amount you will be able to borrow from us.

To obtain an accurate ‘How much I can borrow figure’ please apply for a formal Agreement in Principle by calling our Mortgage department on 020 7398 5421 / 020 7398 5422 / 020 7398 5423 where you can discuss your requirements with one of the bank’s mortgage underwriters. The underwriters operate on a phone rotation system.

This is not a formal quotation or a commitment to lend by Reliance Bank Ltd.

Our useful Mortgage Repayment Calculator can help you with your research into how much your monthly payments might be each month.

You can change the mortgage amount, term or interest rate in the Mortgage Repayment Calculator shown below to see the difference it makes and help you compare mortgage rates.

You can use our mortgage calculator to see the impact of either extending or reducing the mortgage term however please take into consideration the following:

Extending your proposed mortgage term will make the monthly payments smaller. However, it will also increase the amount of interest you will have to pay back over the term of the mortgage.

Reducing your proposed mortgage term means that your payments are higher each month. But the overall amount of interest you will have to pay will be less.

Actual loan repayment amounts will be provided to you from the Reliance Bank Ltd Mortgage department in a Mortgage Illustration (known as a European Standard Information Sheet / ESIS). You can formally request an ESIS from the Reliance Bank Mortgage Team via email at mortgages@reliancebankltd.com or call us on 020 7398 5421 or 020 7398 5422 or 020 7398 5423. The underwriters operate on a phone rotation system.

The Mortgage term minimum and maximum limits within the Mortgage Repayment Calculator are based on our lending criteria which is a minimum mortgage term of 3 years and a maximum term for residential mortgages of 40 years. As a lender we only look at whole years for new mortgages and not years & months.

Four months before your current mortgage deal comes to an end, we’ll write to let you know exactly when you’re due to roll onto our standard variable rate (SVR). We’ll also provide you with the mortgage rates available at that time, so you can start thinking about which rate you’d like to switch to.

If you’re already on our SVR, take a look at our current rates for existing customers.

Once you’ve chosen the rate you’d like to switch to, contact our mortgage team. We’ll then issue a European Standard Information Sheet (ESIS) or otherwise known as a Key Facts Illustration (KFI) – This is sometimes called a Mortgage Illustration so you can review the monthly costs.
At the same time we’ll send a formal Mortgage Offer. We will need to have a signed acceptance to ensure that the customer understands the Terms and Conditions.

If you’re happy with everything, sign and return the form to us.

A standard variable rate (SVR) is the default mortgage rate that applies when you come to the end of a fixed rate or tracker mortgage deal. It is a variable rate, which means it can go up and down. There is no time limit attached to an SVR mortgage and no early repayment charges if you repay some or all of your mortgage.

Yes. There’s no lock-in period with an SVR, so you’re free to move to a better rate whenever you like. As a Reliance Bank customer, there’s also no product fee to pay when you switch to one of our mortgage deals.