It can be hard finding the right shared ownership product, but finding a lender who knows how to support your client can be just as difficult.
At Kent Reliance for Intermediaries, we often receive questions on our criteria, specifically whether a case would fit or not. To give you an idea of the kind of cases we approve every day, here’s a real life example of a case we’ve received along with our decision.
Case
An applicant with an historic payday loan settled over 12 months ago was looking for a shared ownership mortgage with a property share of 25% and a 10% deposit.
Our decision
Accepted. Thanks to our flexible underwriting and ability to consider applicants with a less-than-perfect credit history we were able to disregard the payday loan and approve the loan at 90% LTV.
We have a ‘look to lend’ mindset. We offer a maximum 75% LTV on our shared ownership products and accept up to 100% LTV of the share being purchased, helping your clients achieve their ambitions of home ownership.
If your shared ownership clients need some specialist support, speak with your business development manager for a detailed discussion on how Kent Reliance for Intermediaries could help.
Alternatively contact our broker liaison team on 01634 835791 or via Live Chat to discuss our products and criteria to discuss our products and criteria.
