Kent Reliance, Precise and InterBay to honour pipeline business
Kent Reliance for Intermediaries, Precise Mortgages and InterBay Commercial will now progress mortgage cases with the lending policies at the time of application once valuation fees have been paid.
There will be some additional underwriting checks, such as ensuring the client’s current circumstances are considered.
Alan Cleary, managing director of OneSavings Bank, said: “We’ve continued on a strong trajectory to show our commitment to brokers by standing strong alongside them during this challenging time.
“By leveraging our position and making prudent decisions we’ve been able to continue to support brokers whilst protecting the health and wellbeing of our staff and customers.
“We’re in a position that we can move forward as a group and help brokers develop their business as well as ensure they can continue to service their existing customers.”
The lenders will accept applicants currently furloughed, subject to additional underwriting.
They will accept 80% if income to a maximum of £2,500, along with evidence of the employer topping up this amount.