Kent Reliance for Intermediaries know that many of your customers will have been placed on the furlough scheme, and as part of an ongoing commitment to supporting brokers during these unprecedented times, here’s how the specialist lender can help your residential and buy to let customers receiving furlough income.

Residential criteria

  • Furlough income accepted – 80% of income to a maximum of £2,500, along with any evidenced employer top-up over and above this amount
  • For those on the Self Employed Income Support Scheme (SEIS), current income will be used for affordability purposes where evidenced
  • Bounce back loans and coronavirus business interruption loans aren’t acceptable as a source of deposit

View residential criteria here or speak to your senior business development manager.

Buy to let criteria

  • Where the landlord has income that’s unrelated to buy to let, and is in receipt of furlough / SEIS income, the application can be considered
  • Bounce back loans and coronavirus business interruption loans aren’t acceptable as a source of deposit
  • At this stage we continue not to accept applications requiring top slicing or the use of personal income

View buy to let criteria here or speak to your senior business development manager.

Please note there maybe additional underwriting requirements.

If you have any queries about furlough payments, or anything else related to your application, please contact your senior business development manager, or use live chat at krfi.co.uk to speak to the broker liaison team.

Thank you for your continued support.