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Reliance Bank launches key worker mortgage product range

Jessica Nangle

December 1, 2020

key workers

Reliance Bank have unveiled the launch of an updated key worker mortgage product range.

The product range has been designed to support home ownership amongst a number of essential key worker occupations within the UK.

All products in the range come as a 5-year fixed rate.

The key highlights of the range include a rate of 1.49% up to 60% LTV for a minimum loan amount of £50,000 and maximum of £500,000.

Another product available in the range is a rate of 1.59% between 60% and 75% LTV with the same minimum and maximum loan amount.

Both products come with a £1,495 fee.

There is also a 3.60% rate product available for between 75% and 90% LTV, for a minimum loan amount of £50,000 and a maximum of £250,000.

This product comes with no fee.

Gareth Byrne, head of mortgages for Reliance Bank, said: “I am pleased that we have been able to launch this new exciting proposition to the UK mortgage marketplace.

“We are keen to help key workers who are looking to purchase or remortgage their own home. We see this as another step in our ongoing journey to provide a positive social impact.”


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