Kent Reliance

Kent Reliance is the only building society based in Kent. It has been serving the people of Kent for over 150 years. Today it has over £1 billion in assets and a network of branches and agencies all through the county.

Kent Reliance has a solid financial expertise. It is run for the benefit of its members and has built a reputation for personal service and generous interest rates. Members will be certain to have an efficient and competitive service.

Kent Reliance Building Society offers the following mortgages:

• Lifetime Tracker
• Standard Variable Rate
• Fixed
• FixTra
• Capped
• Discount

Lifetime Tracker: this mortgage tracks the Bank of England base rate for the entire mortgage term. It is a variable rate set at 1% over the Bank of England base rate.

• An administration fee is applicable
• There is no early repayment charge

Standard Variable Rate: this is the Society's basic mortgage. Your mortgage is set at the Society's standard variable rate for the first 4 years. Then your rate will convert to the variable Lifetime tracker rate for the rest of the mortgage term.

• An administration fee is applicable
• There is no early repayment charge

Fixed: your starting rate will be fixed for an agreed period, which can be for 3, 5 and 10 years. After the fixed period is over the Lifetime tracker rate will apply to your mortgage. The amount you can borrow will depend on which mortgage product you choose.

• An administration fee is applicable
• There is an early repayment charge during the fixed period

FixTra: this type of mortgage is a combination of a fixed and tracker rate. 50% of your mortgage rate will be fixed and the other 50% will be at a variable tracker rate. You can renew the fixed rate after a 2 year term for a renewal fee. If not renewed, the fixed rate segment converts to a variable tracker rate for the remaining mortgage term.

• An administration fee is applicable
• There is an early repayment charge for the first 2 years

Capped: your mortgage will be set at a variable rate which cannot go above an agreed rate for the first 5 years. After this period your mortgage will convert to the Lifetime tracker rate for the remainder of the mortgage.

• An administration fee is applicable
• There is an early repayment charge during the capped period

Discount: your mortgage rate is set at a discount off the Society's standard variable rate for an agreed interval, which can be 2, 3 and 5 years. After the discount period ends the mortgage will convert to the Lifetime tracker rate. The amount you can borrow will depend on which product you choose.

• An administration fee is applicable
• There is an early repayment charge during the discount period

Kent Reliance Building Society also offers more specialised mortgage products:

Shared Ownership: this mortgage is made to finance the purchase of a home for the borrower by sharing the cost of the mortgage with a Housing Association. It is a part buy, part rent scheme. You can choose to use the fixtra, lifetime tracker and capped rate mortgages.

• Fees and early repayment charges depend on which product you choose.

Self Build: this is a loan provided to finance the building of your home. The rate is set at the Society's standard variable rate for the first 3 years and then goes back to the Lifetime tracker rate. How much you can borrow depends on the value of your property and the value of the land to build on.

• There is no early repayment charge
• An administration fee is applicable
• Other fees related to this mortgage are payable

Self Certification: your starting rate tracks the Bank of England base rate and is set above it. Your rate will then convert to the Lifetime tracker. This type of mortgage is for self-employed people who cannot prove their income. No proof of income is required, and as checks will be made you are advised not to overstate your earnings .

• This is not available for a shared ownership mortgage
• The minimum age is 21
• An administration fee is applicable

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