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OneSavings Bank opens buy-to-let lending to 70% LTV

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OneSavings Bank is now offering residential and buy-to-let lending up to 70% loan-to-value through its Kent Reliance and Precise Mortgages brands.

Yesterday its other brand, InterBay Commercial, launched a range of semi-commercial products up to 60% LTV and buy-to-let products up to 70% LTV.

Precise and Kent Reliance enable lend on properties valued up to £750,000 using desktop valuations, while Kent Reliance lends on properties worth up to £1m.

Alan Cleary, managing director of OneSavings Bank, said: “All our teams across the OneSavings Bank group have been working hard behind the scenes to ensure we have the infrastructure in place to best support our broker partners and their customers.

“During this time we have focused our resource on supporting pipeline cases first before opening up for new business across our various product lines.

“The great news is that from today, Precise Mortgages, Kent Reliance for Intermediaries and InterBay Commercial are officially resuming business and taking on new cases.

“Our broker relationships remain absolutely key and we’re committed to continuing to provide specialist lending solutions during these challenging times.”