Remortgaging From Kent Reliance

Why People Remortgage From Kent Reliance

Kent Reliance customers explore remortgaging for several key reasons:

• Portfolio maturity — landlords who originally needed Kent Reliance for complex portfolio lending may now qualify for mainstream BTL deals as their rental track record has built up
• High SVR — Kent Reliance's revert rate can exceed 8.5%, which adds a significant cost across a multi-property portfolio
• Mainstream criteria expansion — many high street lenders have broadened their BTL criteria in recent years, potentially accepting cases that previously required a specialist
• Personal credit improvement — residential borrowers who used Kent Reliance due to credit issues may now meet mainstream standards

Regularly reviewing your mortgage arrangements is particularly important for landlords, where rate differences are multiplied across multiple properties.

Kent Reliance Rates vs Mainstream Lenders

Kent Reliance's rates sit in the specialist bracket, typically 1.5% to 3% above mainstream equivalents for comparable BTL products. Their SVR can reach 8.5% or higher.

For a landlord with three BTL properties, each with a £150,000 interest-only mortgage, moving from Kent Reliance's SVR of 8.5% to a mainstream rate of 5% would save approximately £437 per month per property — or £1,312 per month across the portfolio. Annually, that amounts to over £15,000 in savings.

Even replacing just one or two properties at a time with mainstream deals can produce meaningful cash flow improvements for your rental business.

How to Remortgage From Kent Reliance

Remortgaging BTL properties from Kent Reliance involves these steps:

• Audit your portfolio — identify which properties would benefit most from remortgaging and prioritise those on the highest rates or with the largest balances
• Check your terms — confirm ERCs, outstanding balances and redemption figures for each property you wish to remortgage
• Assess mainstream eligibility — a broker can check whether each property and your overall portfolio meet mainstream BTL criteria
• Apply property by property — each remortgage is handled as a separate application, though you may be able to consolidate multiple properties with a single lender
• Manage the legal process — solicitors handle the redemption and registration for each property

Portfolio landlords should consider a phased approach, remortgaging properties as their individual deals expire to avoid unnecessary ERCs.

When Is the Right Time to Switch From Kent Reliance

For Kent Reliance customers, timing depends on your specific situation:

As individual deals expire — portfolio landlords should diarise the end date of each property's deal and begin searching for alternatives three to six months beforehand.

When portfolio rules have been met — some mainstream lenders cap the number of BTL properties a borrower can hold. If you have reduced your portfolio or if a lender has raised its limit, you may now qualify.

After rental income has increased — higher rents improve your interest coverage ratio, which is the key affordability measure for BTL lending. This can unlock access to mainstream rates.

When your background portfolio stress test passes — mainstream lenders assess your entire portfolio, not just the property being remortgaged. Ensuring your overall position is strong improves your chances.

Why Using a Broker Helps When Leaving Kent Reliance

Portfolio landlords face some of the most complex lending assessments in the mortgage market, making broker support particularly valuable when transitioning from Kent Reliance.

Mainstream BTL lenders each have different approaches to portfolio assessment, rental calculations and stress testing. A broker who specialises in BTL lending understands these variations and can match each of your properties to the lender most likely to offer the best rate.

For landlords holding properties through limited companies, the complexity increases further. A broker can navigate the specific criteria that apply to SPV and limited company borrowing, ensuring your corporate structure does not prevent you from accessing mainstream rates.