Kent Reliance is a 150-year-old savings specialist, which this year has partnered with The Mortgage Alliance (TMA).
Formerly known as Kent Reliance Building Society (KRBS), the Kent-based business was established in 1986 to provide a range of banking services, and incorporates a number of historic Kent businesses including Kent and Canterbury (established 1847), Dover District (established 1861), Herne Bay (established 1888) and Chatham Reliance (established 1898).
In 2011, KRBS transferred its business to a new bank, One Savings Bank plc, which now trades as Kent Reliance.
The services offered by Kent Reliance include:
- Saving Accounts
- Business Savings
The mortgages, which are available through intermediaries, are
- Buy to Let Mortgages including 65%, 75%, 80% and 85% LTV options, with applications from Limited Companies and LLPs accepted as standard
- Limited Company Mortgages available to limited company borrowers, for example those with a Special Purpose Vehicle (SPV) for their portfolio or property. Kent Reliance also lends to clients looking to purchase or remortgage through a Limited Liability Partnership (LLP) for Buy to Let properties, HMO properties and Student Lets.
- Residential Mortgages
- Shared Ownership Mortgages
Kent Reliance's range of savings accounts gives savers options from branch-only to online savings accounts. These can be short or long-term.
These accounts are designed to hold money while it's not required and to grow at a particular rate of interest.
The Personal Savings Allowance means most people don’t pay tax on the interest earned from these savings account, depending on a saver's income tax bracket and how much interest they earn.
Tax-free cash ISAs offer different rates of interest depending on how long a saver wants to save and how much access they need to their money.
Customers can choose a two year or a one year fixed rate cash ISA, or a variable rate ISA. Both the variable and fixed-rate ISAs enable savers to make additional deposits throughout the year.
Kent Reliance’s one and two year savings bonds offer fixed rates and trackers, and include the option of monthly interest.